Taxation

Taxation Photo

Gray Reed & McGraw's Tax Section provides experienced legal counsel to clients on all matters arising from international, federal, state and local tax laws. Our areas of expertise and services include ad valorem, asset protection, civil and criminal tax litigation, consulting, controversy, corporate, ERISA, estate planning, franchise, income tax, state tax, international, IRS audit, mergers & acquisitions, partnership, personal, planning, property, real estate, reorganizations, and white-collar defense. Our clients make up a broad spectrum of taxpayers including public and private companies, partnerships, nonprofit organizations, estates and trusts, employee benefit plans, and individual taxpayers.

Gray Reed & McGraw is proud of its ranking among the very best firms in the United States in the 2014 U.S. News & World Report and Best Lawyers' "Best Law Firms" rankings. Nine of the firm's practices were recognized, including the Tax Section, which was ranked Tier 3 in the national rankings and Tier 1 in the metropolitan rankings.

Tax Planning

We work closely with clients and their accountants to reduce taxes associated with business activities and significant transactions, and in the areas of tax review, compliance, reporting and controversy. We keep abreast of the ever-changing and complex tax environment so that we can alert our clients to new planning opportunities and compliance requirements, and to provide legal advice that is timely to our clients' business affairs. Serving individuals as well as small, emerging and middle market businesses and large, multinational corporations, we have the experience to design creative and practical solutions to mitigate taxes in complex business transactions.

Tax Controversy

When it comes to tax controversy, we provide clients with experienced representation in tax examinations/audits, protests to the IRS Office of Appeals, and in equivalent state and local appeals functions. We are also highly skilled and experienced in litigation before the U.S. Tax Court, the U.S. Court of Federal Claims, U.S. District Courts, as well as state and local tax authorities and courts.

International Transactions

As business becomes increasingly international, business planners must always consider the tax implications of international and cross-border transactions. We help clients minimize the worldwide taxation of their investments and advise on investment restructuring and disposition. This often requires familiarity with the tax laws of several countries and bilateral and multilateral tax treaties, as well as U.S. tax laws.

Expertise in the Field

Many of us have a background in general corporate and tax matters and also concentrate in one or more particular areas of tax law, including corporate, real estate transactions, partnerships and limited liability companies, state and local, exempt organizations, banking, international and individual taxation and estate planning.

We are actively involved in activities of the tax section of the American Bar Association and State Bar of Texas and regularly publish articles and speak on topics covering federal, state, and international tax issues. Many of us hold advanced degrees in tax or accounting. Others are Certified Public Accountants. Many of us have worked for the government as attorneys for the U.S. Department of Justice or the Internal Revenue Service in Washington, D.C. Several of us teach undergraduate and post-graduate tax courses as adjunct faculty at SMU and the University of Houston. In addition, one of us has served as president of the Texas Society of CPAs and has served on the AICPA’s national tax executive committee.

Our goal is to lead clients efficiently and professionally through the ever-changing maze of tax issues and ensure that existing or contemplated financial affairs of clients are structured in a practical and cost-effective manner that achieves business or personal objectives with minimal exposure to tax.

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