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. Our tax clients include individuals and publicly held and 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

McDonald Carano Receives 17 Tier 1
Practice Group Awards
in “Best Law Firms” Report

McDonald Carano proudly announces that 17 Practice Groups in our Reno and Las Vegas offices have received the prestigious “Tier 1” ranking in the 2022 edition of the “Best Law…

McDonald Carano Celebrates
a Record Number of
“Lawyer of the Year” Awards
from Best Lawyers in America

McDonald Carano proudly announces that seven lawyers in our Reno and Las Vegas offices received “Lawyer of the Year” awards in the 2022 edition of Best Lawyers in America. Over…

Best Lawyers in America Recognizes Seven Lawyers’ Expertise in Trust & Estate Planning, Litigation and Tax

McDonald Carano proudly announces that Best Lawyers in America recognized seven lawyers in our Reno and Las Vegas offices for their expertise in trust and estate planning and litigation, and…

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