Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Recent Partnership Reporting Developments for Funds with Foreign Partners

12.18.2023 | Duration: 24:18

Listen to Scott Woods and Tom Greenaway discuss the recent findings in YA Global tax case ruling on partnership reporting developments for funds with foreign partners.

Listen now
Backward 10s Play Pause Forward 10s
0:00
00:00

Podcast Overview

The management of funds is often conducted through entities that are legally formed as limited partnerships.  Individual partners of such partnerships may hold interests as limited partners under state law, which entitles the individual to a distributive share of the partnership’s taxable income.  Generally, limited partners are not subject to self-employment taxes on their share of income from a limited partnership. However, a recent decision by the Tax Court in the Soroban case may change this view, which has been held for decades. In this podcast, we discuss the facts of this case and the implication to many fund managers.

Discover more podcast episodes in this series

Return to Talking Asset Management

Meet our podcast team

Image of Scott Woods
Scott Woods
Partner, Tax, BTS - Asset Management, KPMG US
Image of Tom Greenaway
Tom Greenaway
Principal, Tax Controversy Services, KPMG US

Explore more

Webcast Replay Webcast Upcoming Listen Now

YA Global Case Decision

Listen to KPMG discuss the YA Global Case Decision.

Read more November 21, 2023
Webcast Replay Webcast Upcoming Listen Now

Talking Asset Management with KPMG

Your asset management source for ESG and sustainable investing, regulatory, operational, and valuation news and trends.

Alternative Investments
Webcast Replay Webcast Upcoming Listen Now

Alternative Investments

KPMG Alternative Investments can help provide fund managers with the clarity, confidence and insights to succeed.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline