Rick Reames III: Lawyer with Nexsen Pruet, LLC

Rick Reames III

Member
Columbia,  SC  U.S.A.
Phone803.540.2055

Peer Rating
 4.4/5.0
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Practice Areas

  • State & Local Taxation
  • Estate Planning and Wealth Transfer Planning
  • Tax Controversy
  • Federal Taxation
  • Tax
 
University Wofford College, B.A.
 
Law SchoolUniversity of South Carolina School of Law, J.D.; New York University School of Law, LL.M., Taxation
 
Admitted2000, South Carolina; United States District Court for the District of South Carolina; United States Tax Court
 
Biography

Rick Reames III is a member (partner) of Nexsen Pruet's Tax Practice Group and focuses on state and local taxation (SALT), federal taxation, and tax-driven trusts and estates planning and administration.

Mr. Reames regularly advises and represents multi-state businesses, local businesses, and individuals in planning and controversies involving all types of state and local taxes, including income taxes, property taxes, sales and use taxes, excise taxes, and license fees. He has significant experience practicing before the South Carolina Department of Revenue and in the various counties and municipalities throughout South Carolina.

Mr. Reames has a strong federal tax background and frequently advises his clients on federal tax matters and controversies.

In addition, Mr. Reames also represents individuals and businesses throughout South Carolina in tax-driven estate planning and administration, and frequently advises both beneficiaries and fiduciaries regarding probate and trust laws.

A former Chairman of the South Carolina Bar Association Tax Section, Mr. Reames received a B.A. degree in Business Economics from Wofford College. He earned a J.D. from the University of South Carolina School of Law where he was a member of the South Carolina Law Review and a member of the Order of the Wig and Robe. Mr. Reames earned an L.L.M. degree in taxation from New York University School of Law.

Career Highlights

· Former Chairman - South Carolina Bar Association Tax Section

· Tax Delegate to SC Bar Association House of Delegates

· Former SC Chairman - Joint North Carolina/South Carolina Tax Conference

· Former Secretary - South Carolina Bar Association Tax Section

· Frequent Lecturer and Speaker on Tax & Business Law Issues

News

Nexsen Pruet's Reames to Chair SC Bar Tax Section
Rick Reames, a Member (partner) in Nexsen Pruet's Columbia office, has been selected as chairman of the South Carolina Bar Association's Tax Section for 2008-2009.

Publications

South Carolina Supreme Court Rules on Tax Exemptions in Bodman v. South Carolina
Close to a year and a half after hearing oral arguments in Bodman v. South Carolina, the South Carolina Supreme Court has upheld the "seven caps" and "eighty seven exemptions" found under the State's sales tax. (Op. No. 27248 filed May 8, 2013).

Tax Alert: 'Medical Device Tax' Now in Effect
The accounting departments of many hospitals and medical practices are preparing for increased costs on medical supplies.

Multi-state Taxpayers in South Carolina, Take Note
Businesses operating as multi-state taxpayers in South Carolina should take note of a recent ruling by the state's Court of Appeals. In CarMax Auto Superstores West Coast, Inc. v. South Carolina Department of Revenue, Op. No. 4953 (filed March 14, 2012), the court reversed an Administrative Law Court ("ALC") decision.

Is Tax Reform Headed to South Carolina?
This year could be a pivotal one for tax reform in South Carolina. The Governor, Legislature and Supreme Court are each taking steps that could have a major impact on how the Palmetto state generates and collects revenue.

Client Alert: 2010 Tax Act Provides Portability to Reduce the Estate Taxes Paid by Couples
The IRS is offering a new way for surviving spouses to reduce their estate tax bill if their spouse passed away after December 31, 2010.

Client Alert: The Taxation Treatment of Employer-Provided Cell Phones
The Internal Revenue Service has issued long-awaited guidance that clarifies the taxation treatment of employer-provided cell phones or other similar telecommunications equipment.

Client Alert: A Low Cost Option to Voluntarily Reclassify Workers
In September, The IRS announced the Voluntary Classification Settlement Program (VCSP), a voluntary initiative allowing taxpayers the opportunity to change the prospective classification of their workers at a low cost. Taxpayers seeking to apply to the VCSP for the fourth quarter of 2011 must act quickly to meet the initial deadlines set by the IRS.

Civic & Professional Memberships

· South Carolina Bar

· Council on State Taxation

· Executive's Association of Greater Columbia

 (Also at Greenville Office)

 
ISLN915613555
 


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Office Information

Rick Reames III

1230 Main Street, Suite 700
ColumbiaSC 29201




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