Akerman Tax Partner Erin Hines dives into the evolving landscape of limited partner taxation in her new Law360 article, spotlighting the recent U.S. Tax Court decision in Soroban Capital Partners LP v. Commissioner of Internal Revenue. Erin unpacks how the court’s ruling raises the bar for claiming the limited partner exception under the Self-Employment Contributions Act (SECA), emphasizing a rigorous “functional analysis” over state law labels. The article breaks down the IRS’s ongoing campaign, key court cases, and the five critical factors courts now use to determine if a partner is truly “limited”. If you’re a tax professional, investor, or partnership member, this must-read piece offers practical tips and essential updates to help you navigate the shifting rules and protect your interests.