Practical guides on entity taxation, IRS controversy, and business succession from Mittel Law — tax and corporate counsel for closely held businesses.
Pass-through taxation applies to both — but the two structures diverge on employment taxes, eligibility requirements, and Tennessee franchise and excise treatment. A practical analysis of when an S corporation election makes sense for a closely held Tennessee business and when an LLC is the better choice.
IRS Controversy · Audit DefenseThe three types of IRS audits — correspondence, office, and field — require different responses. A guide to what triggers small business audits, how to gather and present documentation, when to involve tax counsel, and how the IRS Appeals process works for contested examinations.
Succession & Estate · Tax StrategyTransferring a closely held business generates income tax, gift tax, and estate planning decisions simultaneously. A guide to the common succession vehicles — installment sales, gifting programs, GRATs, FLPs, and buy-sell agreements — and how Tennessee's tax environment affects the analysis.
Tax & Business Law · 2026TCJA bonus depreciation at 40%, Section 199A expiration, Tennessee excise and franchise tax, and key year-end planning actions for closely held Tennessee businesses.
→ Business Formation · 2026Comparing LLCs, S corps, and C corps for Tennessee businesses — federal and state tax treatment, SE tax savings, ownership restrictions, and when a C corp is the right answer.
→ Regulatory ComplianceWhy OFAC applies to businesses of all sizes, how to screen against the SDN list, building a proportionate compliance programme, and what to do if a violation is discovered.
→Questions about your specific situation? Mittel Law works directly with Tennessee business owners on tax and succession matters.
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