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  • videocam On-Demand Webinar
  • signal_cellular_alt Beginner
  • card_travel Tax Law
  • schedule 60 minutes

Tax Fundamentals of Pass-Through Entities: Key Tax Provisions, Limitations, and Compliance

$147.00

This course is $0 with these passes:

CLE
ALL
PS
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About the Course

Introduction

This CLE/CPE webinar will provide attorneys and advisers guidance on the taxation of pass-through entities and maintaining tax compliance. The panel will discuss the basics of taxation of LLCs, partnerships, and S corporations, key federal tax provisions, determining the best tax election and its implications, the impact of entity taxation on operating agreements, and recent developments in tax law impacting pass-through entities.

Description

Taxpayers are utilizing more and more pass-through entities based on a variety of operational and tax advantages provided by these structures under the IRC. As a result, tax advisers and counsel must be prepared to advise entity owners and members in determining the best entity classification and various tax law requirements for newly created forms of pass-through entities.

A critical component of structuring a pass-through entity is determining the entity's classification under the check-the-box tax election rules. Whether or not to elect to be taxed as a partnership vs. S corporation for LLCs involves careful consideration of a variety of factors for taxpayers. Counsel and advisers must understand the applicable tax rules and identify potential tax issues when advising clients to optimize tax savings for partnerships, LLCs, and S corporations.

Listen as our panel discusses the basics of taxation of LLCs, partnerships, and S corporations, determining the best tax election and its implications, the impact of entity taxation on operating agreements, and recent developments in tax law impacting pass-through entities.

Presented By

Mark Gallegos, CPA, MST
Partner
Porte Brown, LLC

Mr. Gallegos, CPA, MST, is a tax partner on Porte Brown’s accounting and consulting services team in the Elgin, Illinois, office. He has more than 20 years of experience. Mr. Gallegos spends a great deal of time advising, speaking, and writing about international tax, mergers & acquisitions and credits and incentives. He has been entrenched in the intricacies of tax legislations and impending changes. Mr. Gallegos co-hosts a recurring webinar series on the topic and regularly speaks on tax legislation and other tax topics. Prior to working at Porte Brown, Mr. Gallegos worked for two national accounting firms focusing on middle market clients. He has a passion for helping clients navigate the complicated tax code and being their business advisor to help them be successful.

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Harry P. Teichman
Partner
Stinson LLP

Mr. Teichman brings over 25 years of experience as a trusted resource for tax, corporate and estate planning clients. Known for his strategic thinking and thorough advice, he efficiently advises clients seeking tax advice on energy-related transactions. Mr. Teichman also advises on general tax matters for private business transactions and tax controversies. He has extensive experience representing pass-through entities in tax credit transactions, as well as real estate developers, start-up fundraisers, not-for-profits, franchisees, multi-unit business owners and various other professionals. Mr. Teichman advises businesses on day-to-day tax matters and provides corporate advice and guidance during the process of buying or selling a business. He has successfully advocated for clients before the Internal Revenue Service in administrative and federal court proceedings and before Florida taxing authorities and Florida courts.

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Credit Information

  • This 60-minute webinar is eligible in most states for 1.0 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, January 29, 2026

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Basic tax structure of partnerships, LLCs, and S corporations

II. Check-the-box election rules; key factors to consider

III. Operating agreements; key tax provisions

IV. Reporting requirements and maintaining compliance

V. Impact of OBBBA and IRS guidance

The panel will discuss these and other key issues:

  • What are the key considerations in determining the check-the-box tax election?
  • What are the tax issues for LLCs electing to be taxed as a partnership vs. an S corporation?
  • What tax provisions must be included in operating agreements to align with the tax election?
  • What are the reporting requirements, and how can taxpayers maintain compliance?
  • What other issues must be considered in light of the One Big Beautiful Bill Act?