.png)
How Tax Works
Join host Matthew Foreman, Co-Chair of Falcon Rappaport & Berkman’s Taxation Practice Group, on "How Tax Works," a podcast attempting to unravel the complexities of the tax law, caselaw, and guidance. In each episode, Matt simplifies this intricate labyrinth of tax law, breaking down complex concepts into easily digestible explanations. From understanding how tax considerations impact decision-making processes to dissecting the structural nuances of businesses, Matt sheds light on the oft-misunderstood world of taxation.
Through real-life examples, and practical advice, "How Tax Works" seeks to equip listeners with the knowledge they need to navigate the intricacies of taxation confidently. Whether you're an accountant, lawyer, business owner, or simply someone who wants to understand how tax shapes business and financial decisions, How Tax Works is your go-to resource for demystifying the complex that is taxation in America.
This podcast may be considered attorney advertising. This podcast is not presented for purposes of legal advice or for providing a legal opinion. Before any of the presenting attorneys can provide legal advice to any person or entity, and before an attorney-client relationship is formed, that attorney must have a signed fee agreement with a client setting forth the firm’s scope of representation and the fees that will be charged.
This Podcast is Hosted by:
Falcon Rappaport & Berkman LLP
1185 Avenue of the Americas, Suite 1415
New York, NY 10036
(212) 203-3255
info@frblaw.com
Episodes
39 episodes
What Should You Do If You Get Audited by the IRS (or State Revenue Agency)?
In episode 39 of How Tax Works, Matt Foreman discusses what you should do if you get audited, including discussing the process of an audit, how to politely push back, and why you should never, ever ignore the audit.
•
Season 1
•
Episode 39
•
33:34
Updates to Qualified Small Business Stock and R&E Expensing Under OBBBA
In episode 38 of How Tax Works, Matt Foreman discusses the updates and modifications to Qualified Small Business Stock (IRC 1202) and R&E Expensing (IRC 174) Under OBBBA, plus a bonus discussion of how he thinks OBBBA should be pronounced.
•
Season 1
•
Episode 38
•
32:28
.png)
If You Win the Lottery, the First Thing You Should Do Is… Call a Tax Lawyer?
In episode 37 of How Tax Works, Matt Foreman discusses the various tax things you should consider when you win the lottery, right after you throw a party in the Whale Room of the American Museum of Natural History.
•
Season 1
•
21:35
.png)
Grouping and Separate Activities Under Section 469 of the Internal Revenue Code
In episode 36 of How Tax Works, Matt Foreman discusses grouping elections for the passive activity loss limitations, which are also generally applicable for sections 465 (at-risk limitations), 199A (qualified business income), and other parts o...
•
Season 1
•
Episode 36
•
19:20
.png)
The Installment Method Under Section 453 of Internal Revenue Code
In episode 35 of How Tax Works, Matt Foreman discusses sales where payment is over a number of years, with additional discussions of interest payments due to large notes and interaction with 1031 exchanges
•
Season 1
•
Episode 35
•
27:32
Can AI Replace Tax Lawyers? (Part II)
In episode 34 of How Tax Works, Matt Foreman continues his evaluation of human and AI answers to a less straightforward tax question, seeking to (hopefully) answer the question of whether AI can replace or augment tax lawyers.
•
Season 1
•
Episode 34
•
36:37
.png)
Can AI Replace Tax Lawyers? (Part I)
In episode 33 of How Tax Works, Matt Foreman evaluates human and AI answers to a straightforward tax question, seeking to (somewhat) answer the question of whether AI can replace or augment tax lawyers.
•
Season 1
•
Episode 33
•
38:32
.png)
How I Think the ESPN and NFL Deal is Structured
In episode 32 of How Tax Works, Matt Foreman discusses the tax structure of the recently announced deal where the NFL is exchanging NFL Network and Redzone for a 10% equity stake in ESPN.
•
Season 1
•
Episode 32
•
23:24
.png)
Real Estate Investors and the Passive Activity Loss Rules under IRC 469
In Episode 31 of How Tax Works, Matt Foreman revisits the passive activity loss limitation rules that he discussed in Episode 13—but from the view of real estate investors. The episode focuses on the additional rules for rental real estate, as ...
•
Season 1
•
Episode 31
•
23:49
.png)
Famous and Important Tax Cases: Part II
In episode 30 of How Tax Works, Matt Foreman continues his discussion of important and relevant tax cases, discussing gambling losses, whether something is a gift, whether an asset is inventory or a capital asset, and closing with a discussion ...
•
Season 1
•
Episode 30
•
23:33
Famous and Important Tax Cases: Part I
In episode 29 of How Tax Works, Matt Foreman discusses important and relevant tax cases, noting that there might be a patriotic duty to pay your taxes due, the power of substance versus form arguments, and how hedges are taxed.
•
Season 1
•
Episode 29
•
23:23
Family Offices
In Episode 28 of How Tax Works, Matt Foreman discusses Family Offices, focusing on purpose, structure, and why they’re the perfect solution for booking a family vacation to Monaco.
•
Season 1
•
Episode 28
•
25:33
F Reorgs Redux
In episode 27 of How Tax Works, Matt Foreman discusses what to do when you’ve made a S election and might have some remorse, need to restructure, or need to sell part of the business.
•
Season 1
•
Episode 27
•
22:56
ABCs of A, B, and C Reorganizations
In episode 26 of How Tax Works, Matt Foreman discusses how to ensure mergers and acquisitions are tax-free, why it’s not always best to squeeze into tax-free status, general requirements, and common issues.
•
Season 1
•
Episode 26
•
22:07
Partnership Divisions
In Episode 25 of How Tax Works, Matt Foreman discusses the tax implications of dividing partnerships, redeeming partners, and dealing with partnership debt.
•
Season 1
•
Episode 25
•
24:05
Divisive Reorganizations
In Episode 24 of How Tax Works, Matt Foreman discusses how to divide two businesses into separate entities, focusing on the legal requirements and best practices.
•
Season 1
•
Episode 24
•
19:49
What the F is an F Reorg?
In Episode 23 of How Tax Works, Matt Foreman discusses the five W’s of F Reorgs: Who needs one, What they do (and don’t do), When they’re necessary, Where the foot faults lie, and Why you need to be careful when undertaking one.
•
Season 1
•
Episode 23
•
22:45
Golden Parachutes
In Episode 22 of How Tax Works, Matt Foreman discusses Golden Parachutes under section 280G, which may sound like a fun thing to have, but they likely result in the highest effective income tax rates.
•
Season 1
•
Episode 22
•
31:11
Why Foreign Persons Probably Shouldn’t Own LLCs
In Episode 21 of How Tax Works, Matt Foreman discusses why foreign persons almost certainly shouldn’t own LLCs, a surprisingly common issue.
•
Season 1
•
Episode 21
•
25:10
Why, for Tax Reasons, You Should Buy a Professional Sports Team
In Episode 20 of How Tax Works, Matt Foreman discusses the pros and cons of buying a professional sports team from a tax perspective. Listen for a discussion of depreciation, amortization, and business expenses galore.
•
Season 1
•
Episode 20
•
19:46
Qualified Small Business Stock (IRC 1202): Part III
In Episode 19 of How Tax Works, Matt Foreman concludes his discussion of Qualified Small Business Stock (QSBS), which is section 1202 of the Internal Revenue Code. He discusses possible ways to increase the QSBS exclusion, including gifti...
•
Season 1
•
Episode 19
•
18:56
Qualified Small Business Stock (IRC 1202): Part II
In Episode 18 of How Tax Works, Matt Foreman continues his discussion of Qualified Small Business Stock (QSBS), section 1202 of the Internal Revenue Code. In this episode, he discusses the original issuance requirement, issues with redemptions,...
•
Season 1
•
Episode 18
•
26:28
Qualified Small Business Stock (IRC 1202): Part I
In Episode 17 of How Tax Works, Matt Foreman talks about Qualified Small Business Stock (QSBS), which is section 1202 of the Internal Revenue Code. In this episode, he discusses how (and whether) income is excluded, the holding requiremen...
•
Season 1
•
Episode 17
•
29:39
Questions People Ask Tax Lawyers at Weddings
In episode 16 of How Tax Works, Matt Foreman talks about how to lower your taxes and why your accountant probably shouldn’t let you deduct your Bugatti, as well as answering a question from Ken Falcon, Managing Partner at Falcon Rappaport &...
•
Season 1
•
Episode 16
•
19:55
