Tax Law

Leveraging Opportunity

Nevada’s corporate code and lack of a state income or gross receipts tax make it one of the most business-friendly jurisdictions in the country. The McDonald Carano Tax Group’s in depth understanding of the intersection of corporate, state and federal tax law enable your business entity to take advantage of Nevada’s business-friendly environment. We know what it takes to work successfully with individuals and businesses seeking to minimize tax burdens while maximizing opportunities for return on investment.  The clients of our tax attorneys in Las Vegas and Reno include individuals, publicly held corporations, closely held corporations, partnerships, limited liability companies, tax-exempt organizations, startups, and closely held and family businesses. We work with these clients to develop strategies and structures that reduce tax burdens while advancing immediate and long-term financial objectives.

We offer legal advice on the tax implications of entity selection and the tax consequences of mergers, acquisitions, dispositions, reorganizations, real estate transactions, financing and compensation agreements, to name just a few. We advise private foundations and tax-exempt organizations on tax issues and provide tax planning for closely held and family businesses. We resolve state and federal tax controversies and litigation, and help clients navigate the thickets of insolvency and/or bankruptcy. We advise on the tax challenges associated with individual wealth and business succession planning, family wealth transfers, estate planning, asset protection, gifting initiatives and charitable giving trusts.

Our tax practice includes:

  • Business structuring
  • Debt restructurings, asset liquidations and distributions
  • ERISA, qualified and nonqualified plans
  • Executive compensation
  • Fractional interest transfers of business interests
  • In-state and out-of-state tax planning
  • Mergers, acquisitions and corporate finance
  • Partnerships and joint ventures
  • Private equity and investment funds
  • Real-estate transactions
  • Sales and use tax, documentary stamp tax, and taxation of property
  • Tax controversy and litigation
  • Tax-exempt organizations
  • Wealth preservation, business succession and charitable giving

Practice Area News

Mark Knobel Receives 3rd Lawyer of the Year Award in Tax Law from Best Lawyers in America

McDonald Carano congratulates Mark Knobel on an excellent record of receiving ten Lawyer of the Year awards in five areas of expertise in seven years from The Best Lawyers in…

Trust & Estates Practice Ranked Band 1 for 6th Consecutive Year by Chambers

McDonald Carano proudly announces the sixth consecutive year that we have received the highest ranking of Band 1 in the category of Private Wealth Law in the Chambers High Net…

Robert Armstrong Receives Chambers Highest Band 1 Ranking in Private Wealth Law

McDonald Carano congratulates Robert Armstrong for receiving the highest ranking of Band 1 in Private Wealth Law in the 2022 Chambers High Net Worth guide. 2022 is the sixth consecutive…

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