THOMAS F. REED has broad experience in federal and California tax matters, estate and trust planning and administration, employee benefit matters and nonprofit entities.
Broad experience in all areas of employee benefits practice, including pension, profit sharing, collectively bargained multi-employer, executive compensation and welfare benefit plans, including health plans; plan drafting, qualification, administration, merger, claims adjudication, litigation, audit and termination; handling of plans in business mergers and acquisitions; taxation of distributions; workouts under the “Employee Plans Compliance Resolution System”
Broad tax experience including consultation and documentation for real estate transactions, condemnations and exchanges, partnerships, incorporations, mergers, acquisitions, S corporations, nonprofit organizations, State and local tax matters, including property and sales tax, business workouts, tax issues that arise in litigation, tax collection matters and tax litigation matters
Broad experience in all areas of estate planning, trust administration and probate, including wills, living trusts, business succession planning, buy-sell agreements, durable powers of attorney for assets and health care, disability planning, life insurance planning, charitable giving, estate tax planning, gifting, probate, trust and guardianship proceedings, premarital agreements and probate and trust litigation
Broad experience in all phases of representing nonprofit and tax-exempt organizations, including drafting organizational documents such as Articles of Incorporation, Bylaws and Trust Agreements; securing federal and California tax-exempt status; assisting and advising on public benefit vs. private foundation issues; registering with the California Registry of Charitable Trusts; representing nonprofits against the California Attorney General’s office when issues arise; advising on corporate and trust governance issues; advising on disputes particular to nonprofits, including disputes among members and directors; handling or overseeing IRS audits of nonprofits; and assisting on IRS “intermediate sanction” issues
Employee Plans Compliance Resolution System
Have made numerous submissions to the IRS under the "Employee Plans Compliance Resolution System"
Employer Department of Labor Audit
Successfully assisted a large multiemployer 401(k) plan through a lengthy and contentious Department of Labor audit
Employer Retirement Plan Audit
Successfully assisted a multiemployer pension plan through one of the longest retirement plan audits ever on the West Coast