Tax

We structure transactions to lessen tax liabilities while ensuring compliance with evolving tax laws. Our lawyers advise on tax issues in sophisticated financial transactions, including mergers and acquisitions, buy-outs, restructurings, innovative leasing, financings, real estate, joint ventures, fund formation, and inbound and outbound international investments. We also handle debt instruments, swap transactions, and other debt and equity derivatives. We also assist clients in identifying and leveraging tax credits and incentives, helping them maximize available benefits while staying compliant.

The group’s state and local tax lawyers handle state and local tax planning and tax compliance issues, including civil audit and general and procedural matters before local and state tax authorities, while the group’s international tax lawyers work with multinational companies to reduce income tax on their worldwide income through global tax strategies that decrease tax costs and increase net-of-tax financial returns. By focusing on global tax strategies, McGuireWoods helps clients minimize their tax costs and maximize their net-of-tax financial returns.

When clients face tax controversies, McGuireWoods mobilizes its litigation attorneys to resolve civil and criminal tax litigation and administrative tax matters. We also represent individuals, corporations, nonprofit organizations and other business entities in tax audits at federal, state and local government levels, and before the Internal Revenue Service Appeals Division and state and local tax departments.

How We Help

The Tax Practice Group provides sophisticated advisory services on business tax matters, including:

• tax planning and strategy;
• private equity and fund taxation;
• M&A tax advisory;
• corporate divisions and spin-offs;
• partnership and LLC taxation;
• international tax and cross-border planning;
• tax controversy and litigation;
• state and local tax advisory;
• tax credits and incentives, including energy credits, new markets tax credits, historic tax credits and low-income housing tax credits; and
• qualified small business (Section 1202) planning.

Experience

• One of the largest fully regulated utility companies in the United States in the $2.16 billion sale of a 19.9% minority equity interest in a large natural gas and electric distribution company to a private equity fund;
• Private equity fund specializing in healthcare in its $750 million acquisition of a specialty pharmacy and infusion care provider, and its $900 million sale of a leading orthopedic management services company;
• Private equity fund in transactions totaling over $2 billion, including the $1.5 billion sale of a national food company;
• Energy and infrastructure assets-focused private equity fund in a build transfer agreement and construction financing for a 150 MW wind project in Ohio;
• Global sustainable packaging solutions company in securing a favorable opinion from the Supreme Court of Virginia in which the client received a full refund of $8.3 million and effectively paid nothing on its nearly $140 million M&T tax;
• Investment holding company in transactions totaling over $1.5 billion, including its acquisition of a majority stake in one of the largest precast concrete manufacturers in the Southeast and Mid-Atlantic regions;
• Investment firm partnering with mission-critical companies on the tax aspects of its investment in a leading provider of maintenance, repair and overhaul services for aircraft engines; and
• Nationally recognized accounting and advisory firm in connection with a recapitalization investment by an investment management firm and venture capital firm.