Robert M. Reed

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Robert M. Reed

Robert M. Reed

Many, many thanks for 10 years of looking after us! You got us started and, now, closed and retired (happily!). Best always to you.

~EM
I had a desire to help people, and I saw the opportunity to do that with Tavss Fletcher.

Bob Reed came to Tavss Fletcher as a partner more than 20 years ago because he wanted to be a source of relief and comfort to others. Practicing law in the Hampton Roads area since 1984, Mr. Reed is also a certified public accountant and specializes in taxation, corporate law, estate planning, and real estate matters.

When you’re in trouble and you don’t know what to do or who to go to, you’re in an even worse position.

Mr. Reed is a life-long resident of Virginia Beach, graduating from the University of Virginia (B.S. Commerce – 1979), George Washington University (Masters in Accounting – 1982), University of Richmond (Juris Doctor – 1984), and the College of William and Mary (Master in Laws and Taxation – 1988).

He and his wife have five children, six grandchildren, and two dogs, and enjoy the relaxation of beach living.

FREQUENLY ASKED QUESTIONS

1. What are the benefits of creating a trust?

Trusts help you avoid probate, maintain privacy, and provide flexibility in distributing assets to beneficiaries. They offer tax advantages, protect assets from creditors, and ensure proper management if you become incapacitated. Different types of trusts serve different purposes, so choosing the right one for your family’s specific needs is important.

2. Should I form a corporation or an LLC?

The choice depends on your business goals and tax situation. LLCs offer operational flexibility and pass-through taxation, while corporations are better for raising capital and significant growth. Your specific circumstances, including liability concerns, tax implications, and future plans, will determine the best entity type for your Virginia business.

3. How can I pay the debt I owe to the IRS?

The IRS offers installment agreements, Offers in Compromise for reduced payments, and hardship status options. It’s important to act quickly as penalties and interest continue growing. A qualified tax attorney at Tavss Fletcher can help you negotiate with the IRS and develop a strategy to resolve your tax debt while protecting your assets.

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