Tax
Jackson Walkerâs tax attorneys are leaders in providing unparalleled service and innovative solutions to our clients.
Our clients range from multi-billion dollar corporations to complex family-held entities to private equity firms and hedge funds to state and local governments and nonprofits. We work in partnership with our clients to achieve their business goals by developing innovative strategies to maximize tax benefits while minimizing potential risks and by providing exceptional representation in federal and Texas tax controversies and litigation. We believe in delivering high-caliber tax representation based on a deep understanding of all facets of the clientâs business. We engage with other Jackson Walker attorneys from a variety of practice areas, including corporate, employment, litigation, public finance, administrative law, and real estate, to drive client success.
Our expertise includes helping clients in the energy industry by providing tax planning and litigation. Additionally, we can assist companies in drafting investment structures for oil and gas projects seeking to benefit from carbon dioxide sequestration tax credits for carbon capture and utilization under code section 45Q and the Inflation Reduction Act. This includes partnership flip structures, sale lease back structures and alternatives such as transferability and direct or elective pay.
Along with assisting companies with federal and Texas tax planning and compliance, Jackson Walker also provides estate and tax planning to some of Texasâ most influential families. Our attorneys serve as primary advisers for many privately held and family-owned businesses, and we represent some of the largest private foundations, associations, and healthcare and educational institutions in Texas.
When it comes to tax controversy and litigation, we combine top-notch tax expertise with one of the most formidable trial groups in the Southwest. Our state and local tax group includes some of the leading experts on state tax planning and disputes. Our federal tax attorneys are equally skilled in federal tax controversy and have successfully defended corporations, local governments, nonprofits, and individuals facing IRS audits and tax disputes nationwide. We also serve as federal and Texas tax counsel to state and local governmental entities, non-profit organizations, and for-profit developers of housing seeking or retaining tax-exempt status related to municipal financings.
Members of the tax group have been recognized in The Best Lawyers in America for Tax Law, hold advanced degrees including the L.L.M in Taxation, are licensed Certified Public Accountants, and have held positions with leading tax organizations throughout the country.
At Jackson Walker, we provide trusted counsel to some of the most affluent and influential families in Texas. We know the legal considerations that come with significant family wealth are diverse and complicated. Thatâs why we build a relationship with each client, tailoring our services to your unique needs. Of course, every successful relationship is built on trust, and you can depend on us to provide straightforward advice about how to achieve your goals, protect your familyâs interests and provide for those you care about, both now and for generations to come.
- Advised Norwegian foreign corporation on U.S. international tax issues relating to âdomesticationâ reorganization into the United States.
- Advised private equity fund on qualified small business stock and other tax issues relating to an acquisition from U.K. company.
- Assisted in preliminary restructuring of substantial ranchland holdings, and related tax planning, to preserve capital gains tax treatment in connection with contemplated future development activity.
- Represented a holding company and two of its subsidiaries in connection with tax a $60M controversy focused on the deductibility of certain intercompany payments by subsidiaries to their non-tax paying parent.
- Represented founders in a $17M tax controversy related to charitable contributions.
- Designed, drafted and implemented complex multi-tier holding structure within single tax entity to enable âqualified opportunity zoneâ-compliant financing of $70m real estate development.
- Successfully defended a business in an employee retention credit (ERC) tax audit with a potential $1 million+ tax liability.; matter addressed complex fact issues based on the employerâs partial suspension of operations in several states over various periods of time.
- Represented a real estate developer on tax structuring for joint venture investment which included advising the carried interest recipient in complex structures involving lender financing and multiple investor groups.
- State tax diligence and tax incentive negotiations underway for $900 million hyperscale large data center build to suit project.
- Currently prosecuting Texas sales tax audit claims on utility scale solar equipment with Texas industry-wide implications.
- Provided state and local tax advice, including franchise tax, property tax, and state and local sales and use taxes to investor in connection with the equity capital contribution agreement for one of the worldâs largest carbon capture projects.
- Currently advising several billion and multi-billion dollar family offices in tax-driven restructuring of family holdings
August 26, 2025
Insights
Understanding âBeginning of Constructionâ and the Phase-Out of Tax Credits for Wind and Solar Projects
By Nathan T. Smithson and Travis Wussow
President Trump issued Executive Order 14315, which directed the Treasury Secretary to issue guidance relating to the âbeginning of constructionâ with respect to solar and wind projects relating to the July 4, 2026, safe harbor deadline. On August 15, 2025, the Treasury Department issued Notice 2025-42 in fulfilment of its obligation under the Executive Order.
August 21, 2025
Attorney News
âThe Best Lawyers in Americaâ Features 350 Jackson Walker Attorneys in 2026 Edition, Including 10 âLawyers of the Yearâ and 106 âOnes to Watchâ
The Best Lawyers in America, a widely regarded guide to legal excellence, has recognized 350 Jackson Walker attorneys across 87 specialty practice areas in its 2026 edition, including 10 Lawyers of the Year and 106 Ones to Watch.
August 1, 2025
Insights
Key Tax Law Changes Under the One Big Beautiful Bill Act: A Comprehensive Overview
The One Big Beautiful Bill Act (OBBBA), enacted in 2025, brings sweeping changes to federal tax law, impacting individuals, businesses, investors, and the clean energy sector. Jackson Walker attorneys provide a summary of the major updates, with each section highlighting the core changes.
August 1, 2025
Insights
Qualified Small Business (1202) Stock: Easier to Qualify and Exit; Bigger Tax Savings
By Argyrios C. Saccopoulos
For new stock issuances only, the OBBBA supercharges and updates the âqualified small business stockâ (âQSBSâ) exclusion under section 1202 (which has been a powerful tax incentive for certain investors in certain start-ups and other small businesses, providing an exclusion on exit for certain qualifying gains in QSBS exits).
August 1, 2025
Insights
Employee Retention Credit (ERC) Changes under the One Big Beautiful Bill Act: Some Disallowances, Six-Year Statute of Limitations and Expanded Penalties
By Marcus J. Brooks, Aaron Pinegar, & Ashley P. Withers
Many ERC claimants are breathing a sigh of relief given the much toned-down version of the changes to the ERC enacted on July 4, 2025. As enacted, the One Big Beautiful Bill Act (the âOBBBAâ) disallows all pending ERC claims submitted after January 31, 2024, related to the third and fourth quarter of 2021 only.
August 1, 2025
Insights
The Return of Bonus Depreciation and Other Big Deductions
By Ron Kerridge and Ashley P. Withers
Businesses looking to purchase certain property to use in their business now have a few extra incentives for doing so, under recently enacted provisions in the âOne Big Beautiful Bill Act,â (the âOBBBAâ).
August 1, 2025
Insights
Clean Energy Tax Credit Changes under the One Big Beautiful Bill Act
By Nathan T. Smithson
The One Big Beautiful Bill Act (the âOBBBAâ) limits future opportunities for some of the clean energy tax credits previously enacted under the Inflation Reduction Act of 2022 (the âIRAâ). During the election campaign President Trump expressed a strong interest for a complete repeal of the IRA credit provisions.
August 1, 2025
Insights
One Big Beautiful Bill Act Increases Deduction for State and Local Tax but Fails to Address Nexus Concerns
By Sarah Pai
In welcome news for individual taxpayers, the One Big Beautiful Bill Act temporarily increases the âSALT capâ â the limit on the amount of the income tax deduction for state and local income, sales, and property taxes â from $10,000 to $40,000.
August 1, 2025
Insights
One Big Beautiful Bill Act Preserves Federal Tax Exemption for Municipal Bonds
By Russell A. Miller
The One Big Beautiful Bill Act (the âOBBBAâ) preserves the federal tax exemption for all municipal bonds, including both governmental purpose and qualified private activity bonds, which state and local governments rely on to finance various transportation, housing, energy, and water projects.
