District Court Rejects Fund Managers' Attempt to Recharacterize Service Contract as Partnership Relationship

... The opinion of the U.S. District Court for the Southern District of Texas in Rigas v. United States, 107 AFTR 2d 2011-788 ( C. D. Tx. 5/2/2011)... involves the fundamental question of how the relationship between investment manager and investment fund should be characterized for tax purposes. From...