U.S. & International Tax Practice

Lancaster & Reed's U.S. and international tax practice was established in 1984 and serves high net worth individuals, partnerships and corporations across the United States and abroad. Our experience covers the broad spectrum of the U.S. taxation of international transactions. We apply tax advantaged and innovative solutions to complex international tax issues to minimize a client's U.S. taxation where possible. Our international clients are located in Europe, the Middle East, Africa, South & Central America as well as the Trust & Banking Centers of the Caribbean and Hong Kong.

Legal Counsel - Our professionals work routinely with the tax attorneys of leading law firms to resolve a client's U.S. tax issues. Our in depth experience in voluntary compliance matters means no learning curve. We provide forensic accounting services or the filing of the returns if the forensic work has already been completed. We routinely work under Kovel letters and understand the intricacies and sensitive nature of this exact work.

Offshore - Our firm regularly provides U.S. tax compliance services for the U.S. beneficiaries (and the fiduciaries) of Foreign Trusts. Our services include the auditing of offshore captive insurance companies and trusts.

U.S. Real Property Interests (USRPI) - We routinely provide U.S. tax compliance services for non-resident aliens investing in U.S. real estate. We help our clients navigate the Foreign Investment in Real Property Tax Act (FIRPTA) whether purchasing directly or more commonly through planned structures.

Communications - Because our clients are located in different countries and time zones we purposefully keep abreast of the latest in communications technology maximizing the use of e-mail, Adobe PDF files, fax, phone & internet conferencing to facilitate fast, effective communications with our worldwide clientele.

Languages - English, German, Russian & Spanish. While these languages are fluently spoken and read by certain staff members, we employ the latest language translation technology that allows our staff to translate German as well as other languages in concise terms. Switzerland - We have extensive experience with the various Swiss federal, state and city tax systems of the 26 cantons with respect to the U.S. reporting requirements of US taxpayers domiciled or working in Switzerland.

We have firm or principal membership in the following organizations:
•American Institute of Certified Public Accountants (AICPA)
•Florida Institute of Certified Public Accountants (FICPA)
•Swiss-American Chamber of Commerce
•Society of Trust & Estate Practitioners (London)

Tax Contacts
Richard A. Reed, Principal, CPA, M. Taxation, TEP
Mr. Reed is principal in charge of Lancaster & Reed's tax group. His experience encompasses U.S. and international taxation as well as related consulting. Mr. Reed graduated with honors from Nova Southeastern University with a Master of Taxation. Mr. Reed received his Bachelor of Science in Business Administration (BSBA) in finance & accounting from the University of Colorado. He is a Certified Public Accountant in the State of Florida, a member of the Florida Institute of Certified Public Accountants, a Member of the American Institute of Certified Public Accountants, and a Member of The Society of Trust & Estates Practitioners (London).