Tax

4.21

Taxation of Small Businesses and Pass-Through Entities: Everything You Need to Know

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
OnDemand
5 hours 51 minutes
Nisha Bhanushali
Hal Margolit
Harriet Wessel
Usman Mohammad
Kristy Caron
Oscar Grisales-Racini
Matthew Rappaport
Jeffrey Rubinger
With Nisha Bhanushali from Withum Smith & Brown, PC + 7 others
Recorded September 19, 2025.
Product ID 100828

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$449

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Overview

Prevent Undue Tax Burdens for Your Business Clients

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! Build your knowledge - register today!

  • 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.

Abbreviated Agenda

  1. Choice of Entity/LLC Check-the-Box Election/Taxation: Partnership vs. S-Corp
  2. Income Taxation of Pass-Through Entities
  3. Tax-Filing Requirements, Forms, Common Pitfalls, and Audit Triggers
  4. Tax Deductions and Credits for Small Businesses
  5. Tax-Planning Strategies for Small Business Owners
  6. Tax Implications of Business Transfers and Exit Strategies
  7. International Tax Planning With Closely Held Businesses
  8. Tax Updates and Priorities Under the Current Administration
  9. Legal Ethics in Business Law
Product ID 100828

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in
  1. Choice of Entity/LLC Check-the-Box Election/Taxation: Partnership vs. S-Corp

  2. Income Taxation of Pass-Through Entities

  3. Tax-Filing Requirements, Forms, Common Pitfalls, and Audit Triggers

  4. Tax Deductions and Credits for Small Businesses

  5. Tax-Planning Strategies for Small Business Owners

  6. Tax Implications of Business Transfers and Exit Strategies

  7. International Tax Planning With Closely Held Businesses

  8. Tax Updates and Priorities Under the Current Administration

  9. Legal Ethics in Business Law

    1. Conflicts of Interest and Informed Consent
    2. Fiduciary Liability
    3. Attorney Fees and Scope of Representation
    4. Data Security and File Access/Retention

Who Should Attend

This legal course is designed for attorneys. Accountants, tax professionals, fiduciaries, and paralegals will also benefit.

Speakers

Nisha Bhanushali
Nisha
Bhanushali
Withum Smith & Brown, PC
Hal S Margolit
Hal S.
Margolit
Withum Smith & Brown, PC
Harriet A Wessel
Harriet A.
Wessel
Norton Rose Fulbright US LLP
Usman Mohammad
Usman
Mohammad
Kostelanetz LLP
Kristy Caron
Kristy
Caron
Fox Rothschild LLP
Oscar Grisales-Racini
Oscar
Grisales-Racini
Oscar Grisales-Racini, P.A.
Matthew E Rappaport
Matthew E.
Rappaport
Falcon Rappaport & Berkman LLP
Jeffrey L Rubinger
Jeffrey L.
Rubinger
Winston & Strawn LLP
Speaker bio
Nisha Bhanushali

Nisha Bhanushali

Withum Smith & Brown, PC
Nisha Bhanushali

is tax manager, CPA, and CA with Withum Smith & Brown, PC. She has over ten years of experience of public accounting, including four years in India. Ms. Bhanushali has experience in tax planning, trusts, compliance, and consulting services for high net-worth individuals and privately held business entities. She is an expert in stock option planning and has represented individuals and businesses before the Internal Revenue Service and State Tax Boards. Ms. Bhanushali is a member of the American Institute of Certified Public Accountants (AICPA), Massachusetts Society of Certified Public Accountants (MASSCPAs) and California Society of Certified Public Accountants (CALCPA).

Speaker bio
Hal S Margolit

Hal S. Margolit

Withum Smith & Brown, PC
Hal Margolit

is CPA, MST and tax principal with Withum Smith & Brown, PC. He has over 20 years of experience in a variety of industries, including real estate, manufacturing, professional services, retail, wholesale and not-for-profit entities. Mr. Margolit specializes in tax compliance and planning for high-net worth individuals and the business entities they are associated with. He is a trusted business advisor to our clients on operating their businesses through various entity types, such as C Corporations, Subchapter S Corporations, partnerships, limited liability companies, and sole proprietorships. Mr. Margolit also regularly represents clients before the IRS and other governmental jurisdictions for tax audits, negotiations of offers in compromise, and tax installment payment arrangements. He is a member of American Institute of Certified Public Accountants (AICPA) and Pennsylvania Institute of Certified Public Accountants (PICPA). Mr. Margolit earned his Master of Taxation degree from Drexel University.

Speaker bio
Harriet A Wessel

Harriet A. Wessel

Norton Rose Fulbright US LLP
Harriet Wessel

is a senior associate in Norton Rose Fulbright US LLP's Houston office. Her practice focuses on federal and state income tax matters, including domestic and cross-border mergers and acquisitions, federal and international tax planning, renewable energy investment transactions, and energy tax credits. Ms. Wessel also has significant experience representing clients in all aspects of federal and state tax controversies. Most recently, she has been advising clients on the impact of the Inflation Reduction Act of 2022. Ms. Wessel earned dual LL.M. degrees in U.S. law and taxation from University of Houston Law Center; and her LLB degree, with distinction, from University of Glasgow.

Speaker bio
Usman Mohammad

Usman Mohammad

Kostelanetz LLP
Usman Mohammad

is counsel at the New York City office of Kostelanetz LLP. His practice includes New York City and state government procurement matters, civil and criminal tax controversies including tax whistleblower matters, and commercial litigation. Mr. Mohammad has litigated cases in a variety of forums, including New York State Court, federal district courts, U.S. Tax Court and AAA and private party arbitrations. He has extensive experience with government procurement award protests, Article 78 proceedings involving procurement matters, foreign asset reporting issues, IRS responsible person and trust fund recovery penalty matters, IRS whistleblower matters, and IRS collection cases. Mr. Mohammad earned his B.A. degree from the University of North Carolina at Chapel Hill in 1995, and graduated cum laude and Order of the Coif (top 10 percent) from the University of Michigan Law School in 1998. He was the associate editor of the Michigan Law Review from 1996 to 1997, and an executive editor from 1997 to 1998. Mr. Mohammad joined Kostelanetz LLP in 2000.

Speaker bio
Kristy Caron

Kristy Caron

Fox Rothschild LLP
Kristy Caron

is a partner with the Atlanta office of Fox Rothschild LLP. She has a diverse practice in which she provides strategic advice to individuals and businesses on corporate, tax and real estate matters. Ms. Caron has significant experience in structuring and assessing the tax benefits and risks of real estate and other investment transactions, advising on corporate governance and organizational matters, and representing individuals and entities in state and federal tax examination and litigation proceedings. She is particularly well-versed in tax credits and charitable land donations. Ms. Caron is a contributor to the Fox Rothschild Tax Controversy & Financial Report blog. Prior to joining Fox Rothschild, Ms. Caron was vice president for due diligence and associate general counsel at a Georgia-based real estate and business consulting firm. Before that, she was a tax attorney with a well-respected regional law firm in Atlanta and served as in-house counsel for a land and natural resources consulting firm. Ms. Caron was a staff attorney in civil and criminal matters for the Colorado Court of Appeals, where she previously served as a law clerk to Judge Marsha Piccone and Judge John R. Webb. She also clerked for several civil judges in Connecticut Superior Court. Ms. Caron is a contributing author to the National Income Tax Workbook of the Land Grant University Tax Education Foundation. She earned her B.A. degree from University of Connecticut, her J.D. degree from Vermont Law School and her LL.M. degree in taxation from University of Denver.

Speaker bio
Oscar Grisales-Racini

Oscar Grisales-Racini

Oscar Grisales-Racini, P.A.
Oscar Grisales-Racini

is an attorney strategically licensed in several global jurisdictions, i.e., U.S. (Florida), England and Wales, British Virgin Islands (BVI), and Colombia. He is currently pursuing admission to the Hong Kong Law Society. In addition to his J.D. degree, Mr. Grisales-Racini holds specialized degrees such as an LL.M. degree in international taxation and financial services, as well as an M.B.A. degree, MSc degree in finance. His practice is concentrated on domestic and international tax, corporate and estate tax planning issues, and has written several books and articles on international tax, including taxation reform in China, and U.S. inbound tax planning from Latin American and European clients. Ms. Grisales-Racini also serves of counsel for Robert Allen Law in Florida.

Speaker bio
Matthew E Rappaport

Matthew E. Rappaport

Falcon Rappaport & Berkman LLP
Matthew Rappaport

chairs Falcon Rappaport & Berkman LLP's Taxation and private client groups. He concentrates his practice in taxation as it relates to real estate, closely held businesses, private equity funds, family offices, and trusts and estates. Mr. Rappaport advises clients regarding tax planning, structuring and compliance for commercial real estate projects, all stages of the business life cycle, generational wealth transfer, family business succession, and executive compensation. He also collaborates with other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise. Mr. Rappaport earned his J.D. degree and his Master of Laws in taxation from Georgetown University Law Center. He is a member and admitted to practice in the state of New York and the U.S. Tax Court.

Speaker bio
Jeffrey L Rubinger

Jeffrey L. Rubinger

Winston & Strawn LLP
Jeffrey Rubinger

is a partner with the Miami office of Winston & Strawn LLP. He is known worldwide as the lawyer to seek out when companies require a creative, sophisticated solution to a complex international tax situation. Mr. Rubinger is a tax partner in the Miami office. A skilled legal practitioner with more than 25 years of international tax experience, he also served for many years as a certified public accountant at a major accounting firm, giving him a unique and thorough understanding of the business issues his clients face every day. Mr. Rubinger has been recognized as one of America’s leading tax lawyers by Chambers USA. From U.S. companies expanding overseas to foreign businesses investing in the United States, clients turn to him for his extensive knowledge of the tax laws in a wide variety of jurisdictions, including countries in South America, Europe, Asia, and the Middle East. Mr. Rubinger is distinctive in Florida for his significant experience with outbound matters. He earned his LL.M. degree in taxation from New York University; his J.D. degree, with honors, from the University of Florida Levin College of Law; and his M.A. degree in accounting and his B.S. degree from the University of Florida. Mr. Rubinger also holds an inactive CPA license in Florida.

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