Should You Pay Someone Else's Tax?

1 min

Sung Hwang published "Should You Pay Someone Else's Tax?" on VC Experts Blog on April 4, 2017. The answer is a resounding yes under the new U.S. tax audit rules applicable to VC funds organized as partnerships (including LLCs treated as partnerships) for U.S. federal income tax purposes, and this article explores steps a VC fund may consider taking to mitigate this draconian outcome.