Starting a company in the Silver State involves more than a creative idea and a Las Vegas address. One of the first and most consequential hurdles is selecting a formal business entity. This choice affects your taxes, degree of personal risk, and the paperwork you must file with the Secretary of State. When choosing the…
Opening a business near the Las Vegas Strip or within the growing industrial hubs of Henderson or North Las Vegas requires more than just finding the right square footage. The physical space serves as the foundation of your operations, but the lease agreement dictates your financial stability and legal protections. You must understand the specific…
Many high-income taxpayers talk about moving to a low-tax state. Fewer talk about what happens when their old state says, “No, you didn’t.” That is where a state tax residency audit comes in. In a residency audit, the old state tries to prove that you never truly left and that you still owe state income…
When high-income taxpayers move from a high-tax state to a low-tax state, they usually focus on big items: New home Driver’s license Voter registration 183-day rule But in a state tax residency audit, one of the most powerful tests is much more personal: Where are your “near and dear” items? The “near and dear” test…
Most people understand that big documents matter in a state tax residency audit—tax returns, deed transfers, bank records. But many wealthy taxpayers do not realize that one small form, like a fishing license application, can cause huge problems. It sounds crazy, but it is real: checking “resident” on a cheap fishing license can be used…
If you are a high-income earner in a high-tax state like New York, California, or New Jersey, you have probably heard this line: “If I spend fewer than 183 days in the state, they can’t tax me.” That simple rule sounds great. It is also wrong. For state tax residency, the 183-day rule is only…
Nevada Alcohol Delivery Laws 2025: Compliance Guide for Las Vegas Businesses Nevada alcohol delivery laws have evolved significantly since the pandemic, creating new opportunities and compliance challenges for Las Vegas businesses. While Nevada state law permits alcohol delivery under specific conditions, local jurisdictions—including the City of Las Vegas, Clark County, and other municipalities—maintain their own…
Introduction: A Defining Moment for Estate Tax Law As of January 1, 2026, the federal estate, gift, and generation-skipping transfer (GST) tax exemption rises to an unprecedented $15 million per person and $30 million per married couple under the One Big Beautiful Bill (OBBB), signed into law July 4, 2025 This change isn’t merely an…
The elevated, permanent federal estate, gift, and GST tax exemption—$15million per individual / $30million per married couple—as of January 1, 2026, indexed annually. How this averts the prior TCJA sunset, which would have reverted exemption levels to around $7million per person. The newfound planning possibilities—especially via dynasty trusts and multigenerational strategies. It also covers the…
1. Making Key Provisions Permanent OBBBA cements several TCJA-era tax provisions for businesses, including: 100% bonus depreciation, R&D expensing (immediate deduction), Section 199A passthrough deduction, and Relaxed limits on business interest expense deduction. These extensions offer businesses long-term certainty for capital planning. 2. 100% Bonus Depreciation Preserved The provision allowing businesses to fully expense qualified assets…
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