Davis Graham & Stubbs was founded shortly after Congress first enacted income taxation, and since then DGS has brought expertise in this area of the law to Denver’s business elite. Today, our tax attorneys continue to offer the skills needed to help substantial business clients manage their complex international, federal, state and local tax issues.

We handle Internal Revenue Service and Colorado Department of Revenue tax audits and appeals, IRS ruling requests, and federal and state tax litigation. Representative transactions include – but are not limited to – the tax aspects of corporate acquisitions and reorganizations, partnerships and joint ventures.

We have planned and implemented tax-advantaged investments for a major East-coast financial institution. Our attorneys represent clients in oil and gas, real estate, health insurance and telecommunications syndications. We also handle major audit defense and unitary tax litigation.

We regularly represent domestic entities investing abroad, as well as non-U.S. entities investing in the United States, including multinational corporate restructurings involving domestic tax, foreign tax and tax-treaty considerations; planning for foreign investment in U.S. enterprises and assets (including investments in real property); and structuring U.S. persons’ investments in foreign countries.

Natural Resources and Energy-Related Tax Credits

We have vast experience in the structuring of oil and gas and other mineral ventures, and acquisitions and dispositions of interests in natural resources. We have assisted numerous clients in structuring and acquiring interests in tax credit transactions involving synthetic fuel, wind power and landfill gas. We also have assisted in the application process for New Markets Tax Credits.

State & Local Income, Property, Sales and Use Tax

We have represented a number of clients with respect to these non-federal income tax issues, ranging from state tax apportionment issues to local use tax definitions and exemptions. Colorado allows "home rule," under which 50 local jurisdictions have their own taxing authority and, subject to certain state legislative limitations, their own tax laws. We have provided advice to Colorado and non-Colorado clients in planning for activities where the home-rule taxation applies and in controversies involving several of these local taxing jurisdictions.

Exempt Organizations

We have assisted clients in the structuring and on-going operation of numerous public charities and private foundations and other 501(c) tax-exempt organizations. Our work generally also includes assisting them in their exemption application process.

Corporate / Mergers & Acquisitions

Our tax lawyers have a broad range of expertise in issues relating to the formation and operation of C corporations and S corporations and their shareholders. They also have experience in a variety of taxable and non-taxable mergers, acquisitions, reorganizations and disposition transactions, including transactions that include non-U.S. parties.

Partnerships/RICs/REITs

We have provided advice regarding the organization and operation of partnerships and limited liability companies engaged in a wide range of businesses, including oil and gas ventures, investment advisory services, real estate investment, private equity funds, hedge funds and many others. We have provided advice to real estate investment trusts and regulated investment companies regarding their initial and ongoing qualification.

Tax Controversy

We have represented clients in disputes with taxing authorities at all levels – federal, state and local. Many of those disputes were successfully resolved at the administrative level, but we also have represented clients in the federal courts in tax matters. The disputes range over a broad range of issues, including use tax on equipment, methods of accounting for inventory sales, tax-advantaged loss transactions, valuation issues and many others.