For example, if you hand your bearer shares over to somebody else so that you can truthfully deny owning them in the future, gift tax is due on the transaction. Furthermore, when the other person ultimately hands them back to you, gift taxes are due again. Nevada does not. As with bearer shares, non-disclosure to the IRS attracts those seeking to illegally evade taxes, so this should not be a criterion for legitimate business purposes. There is a flip side to some of Nevada's perceived advantages.
Some companies attempt to take advantage of Nevada's laws in order to evade taxes.
As a result, Nevada corporations are more frequently audited by the IRS than are corporations in other states. In this regard, however, the state of Wyoming has most if not all of the advantages that Nevada has, but a lower audit rate, at least for now. There also are other intangibles to consider. For example, if you incorporate in Delaware instead of Nevada, your corporation may be seen as having slightly more credibility in the eyes of those who know about Nevada's corporation laws. This issue may have little or no ground, but it at least is worth considering.