Jeffrey S. Reed is the Chair of the State and Local Tax Practice. A former litigator for the Massachusetts Department of Revenue, Mr. Reed has represented clients in state tax controversy matters in over thirty states and has obtained favorable letter rulings for clients in several different jurisdictions. He regularly advises on the constitutionality of state tax positions, the availability of exemptions and incentives, and how to source revenue streams for state corporate income tax and sales tax purposes. He has handled New York qui tam (whistleblower) lawsuit litigation and received widespread acclaim for arguing and winning the closely-watched IT USA, Inc. case before the New York Tax Appeals Tribunal.

Besides state tax, Mr. Reed also devotes a significant part of his practice to unclaimed property. His unclaimed property experience includes representing holders in large multistate audits conducted by contingency fee audit firms as well as single-state audits of holders. He has experience with general ledger audits and audits of specific property types (for example, securities). He also provides unclaimed property guidance on issues including developing unclaimed property policies and procedures to mitigate audit risk, determining whether certain property is subject to reporting, and he negotiates voluntary disclosure agreements on behalf of clients.

In the federal tax area, Mr. Reed has favorably resolved IRS audits and has successfully represented taxpayers in appeals conferences before the IRS Office of Appeals.

Mr. Reed has written nearly thirty articles on state tax related issues and is the author of “The Reed Report,” a State Tax Notes column. He also writes a “Shop Talk” column for the Journal of Multistate Taxation and Incentives. He is the former Editor In Chief of the State and Local Tax Lawyer and is on the State and Local Tax Executive Committees for both the American Bar Association and the New York City Bar Association. His articles have been published in BNA Tax Management’s Multistate Tax Report, Corporate Counsel, Inside New York Taxes, Private Wealth, the Journal of Taxation and Regulation of Financial Institutions, E-Commerce Times, and Legal Times.

A regular lecturer on state and local tax matters, Mr. Reed has spoken before organizations such as BNA CITE, Bloomberg BNA, the Broadband Tax Institute, the Council on State Taxation (COST), the Tax Executives Institute (TEI), the Institute for Professionals in Taxation, Lorman Educational Seminars, and New York University’s Summer Institute in State and Local Taxation. He is a member of the New York University and Cornell University State and Local Tax lunch groups.

Mr. Reed began his state and local tax career at the Massachusetts Department of Revenue, where he litigated cases before the Appellate Tax Board and negotiated settlements with taxpayers. Prior to joining the firm, he worked for the state tax group of a prominent international law firm.

While attending college, Mr. Reed studied abroad for a year at Oxford University in Oxford, England.

Mr. Reed was recognized as a 2017 New York “Rising Star” for Tax Law by Super Lawyers magazine.

Professional & Community Activities

American Bar Association, SALT Publications Subcommittee, Chair

American Bar Association, State and Local Tax Section, Executive Committee, Member

American Bar Association, Unclaimed Property Subcommittee, Member of the Project to Revised the Uniform Unclaimed Property Act

New York City Bar Association, State and Local Tax Section, Executive Committee Member

Education

  • Boston University School of Law, J.D.
  • New York University School of Law, LL.M.
  • Kenyon College, B.A.

Bar Admissions

  • New York
  • Massachusetts

Who We Are

What fully engaged means to me:

In my practice, fully engaged means providing practical, informed, and cost-effective solutions to state tax problems, taking into account impact on reserves, impact on other states, and client needs and objectives.

The Grace Building, 1114 Avenue of the Americas
New York, NY, 10036-7703
USA
t +1 212.775.8792
f +1 212.898.1174

Jeffrey S. Reed

Experience Highlights

Corporate income tax and bank tax audits in New York
Resolved numerous significant New York corporate income tax and bank tax audits. more
Qui tam cases with New York Attorney General’s Office
Handled several qui tam whistleblower cases with the New York Attorney General’s Office. more
Nexus review for technology company
Performed a nexus review for a technology company and obtained voluntary disclosure agreements in various states. more
Analysis regarding state tax incentives
Analyzed whether company was engaged in “manufacturing” for purposes of claiming state tax incentives. more