This introductory continuing legal education course is designed for attorneys seeking a basic understanding of small business taxation and pass-through entities. The curriculum focuses on fundamental concepts, common tax structures, and essential considerations when advising entrepreneurs and small business owners. This course provides a practical foundation for attorneys who may encounter tax questions related to partnerships, LLCs, and S corporations in their practice. No prior tax specialization needed.

• Advise clients on optimal business entity selection based on tax implications.
• Understand the fundamentals of pass-through taxation and reporting requirements.
• Identify common tax pitfalls and audit triggers for small businesses.
• Implement effective tax-planning strategies for business clients.
• Navigate the ethical challenges specific to business tax representation.

Agenda

1. Choice of Entity/LLC Check-the-Box Election/Taxation: Partnership vs. S-Corp | 10 – 10:20am |  Nisha Bhanushali
2. Income Taxation of Pass-Through Entities | 10:20 – 11am  |  Hal S. Margolit
3.  Tax-Filing Requirements, Forms, Common Pitfalls, and Audit Triggers  |  11am – 12pm  |  Matthew E. Rappaport
4. Tax Deductions and Credits for Small Businesses  |  12:15 – 1pm  |  Matthew E. Rappaport
5. Tax-Planning Strategies for Small Business Owners  |  1 – 1:45pm  |  Oscar Grisales-Racini
6.  Tax Implications of Business Transfers and Exit Strategies  |  2:15 – 2:45pm  |  Usman Mohammad
7.  International Tax Planning With Closely Held Businesses  |  2:45 – 3:15pm  |  Jeffery L. Rubinger
8.  Tax Updates and Priorities Under the Current Administration  |  3:30 – 4pm  |  Harriet A. Wessel
9.  Legal Ethics in Business Law  |  4 – 5pm  |  Kristy Karon

CLE credits are available. Please note there is a cost to purchase.