How Tax Works

Falcon Rappaport & Berkman LLP

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, Third Floor
New York, NY 10036
(212) 203-3255
[email protected]

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Top 10 How Tax Works Episodes

Goodpods has curated a list of the 10 best How Tax Works episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to How Tax Works for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite How Tax Works episode by adding your comments to the episode page.

Qualified Small Business Stock (IRC 1202): Part II

How Tax Works

02/03/25 • 26 min

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, gifts, partnership distributions, short positions, the Qualified Small Business requirement, the active business requirement, possible meanings of “substantially all”, and what types of business qualify.

Please also see Matt Foreman’s upcoming webinars! Details below:

Revenue Rulings 99-5 and 99-6: Tax Implications of Restructured Partnerships and LLCs
February 17th, 2025 @ 1:00pm – 2:50pm EST

How Tax Works, hosted by FRB Partner Matthew E. Foreman, Esq., LL.M. at Falcon Rappaport & Berkman LLP, delves into the intricacies of taxation, breaking down complex concepts for a clearer understanding of how tax laws impact your financial decisions.
Follow us on Twitter:
@HowTaxWorks
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, Third Floor
New York, NY 10036
(212) 203 -3255
[email protected]

Questions People Ask Tax Lawyers at Weddings

How Tax Works

01/06/25 • 19 min

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 & Berkman LLP regarding whether property acquired via adverse possession is taxable. This episode is for anyone who has asked or has been asked a quick tax question.
Please also see Matt Foreman’s upcoming webinars! Details below:

Deducting Digital Asset Losses: Worthless Assets, Rev Proc 2024-28 Basis Safe Harbor, Theft and Casualty Losses
January 15th, 2025 @ 1:00pm – 2:50pm EST
Domicile and Tax Residency Considerations for Business Owners
January 22nd, 2025 @ 2:00pm – 3:00pm EST

Tax Issues with Divorce

How Tax Works

12/16/24 • 28 min

In episode 15 of How Tax Works, Matt Foreman discusses tax issues with divorce, from transfer between spouses, to splitting up businesses and the need for detailed documents to avoid problems. This episode is for anyone who knows anyone who has ever gotten divorced, which should be everyone in the known world at this point.
Please also see Matt Foreman’s upcoming webinars! Details below:

Deducting Digital Asset Losses: Worthless Assets, Rev Proc 2024-28 Basis Safe Harbor, Theft and Casualty LossesJanuary 15th, 2025 @ 1:00pm - 2:50pm EST
Domicile and Tax Residency Considerations for Business Owners
January 22nd, 2025 @ 2:00pm – 3:00pm EST

Tax Consequences of Forming, Selling, and Dissolving Partnerships and Disregarded Entities (Rev. Ruls. 99-5 and 99-6)

How Tax Works

10/15/24 • 22 min

In this episode of How Tax Works, host Matt Foreman discusses the tax consequences of going from a disregarded entity to a partnership (Rev. Rul. 99-5) and from a partnership to a disregarded entity (Rev. Rul. 99-6). From explaining when there is taxable income (and how to structure to avoid it), as well as capital accounts, inside basis, and outside basis, this episode is for anyone who is starting, selling, or investing in a business, whether alone or with a partner.
Please also see Matt Foreman’s upcoming webinars! Links are below:

Positives and Negatives of S Corporations
October 29th, 2024 @ 1:00pm – 2:00pm EDT
Tax Strategies for Limited Partner Investors in Private Investment Funds
November 14th, 2024 @ 1:00pm – 2:30pm EST

Self-employment Tax on Partners, Net Investment Income Tax, and Soroban Capital Partners LP v. Comm’r (Part II)

How Tax Works

11/12/24 • 26 min

In this episode of How Tax Works, host Matt Foreman continues his discussion of self-employment taxes, the ongoing tax saga of a hedge fund’s partners trying to convince the IRS that they are “limited partners, as such”, and the somewhat-related Net Investment Income Tax. This episode is for anyone who is starting, operating, structuring, or wondering about how income tax structuring interplays with other kinds of taxes, especially if you listened to the first part.
Please also see Matt Foreman’s upcoming webinar! Link below:

Tax Strategies for Limited Partner Investors in Private Investment Funds
November 14th, 2024 @ 1:00pm – 2:30pm EST

Convertible Debt and SAFEs

How Tax Works

09/16/24 • 23 min

In this episode of How Tax Works, host Matt Foreman discusses the tax consequences of Convertible Debt and Simple Agreements for Future Equity (SAFE). From explaining what it means to use Convertible Debt and SAFEs, to the tax consequences of each, this episode is for anyone who is investing in a business in anything that is not strictly equity or debt.
Please also see Matt Foreman's upcoming webinars! Links are below:

Positives and Negatives of S Corporations
October 29th, 2024 @ 1:00pm - 2:00pm EDT
Tax Strategies for Limited Partner Investors in Private Investment Funds
November 14th, 2024 @ 1:00pm - 2:30pm EST

Self-employment Tax on Partners, Net Investment Income Tax, and Soroban Capital Partners LP v. Comm’r (Part I)

How Tax Works

10/28/24 • 29 min

In this episode of How Tax Works, host Matt Foreman discusses self-employment taxes, the ongoing tax saga of a hedge fund’s partners trying to convince the IRS that they are “limited partners, as such”, and the somewhat-related Net Investment Income Tax. This episode is for anyone who is starting, operating, structuring, or wondering about how income tax structuring interplays with other kinds of taxes.
Please also see Matt Foreman’s upcoming webinar! Link below:

Tax Strategies for Limited Partner Investors in Private Investment Funds
November 14th, 2024 @ 1:00pm – 2:30pm EST

Various State and Local Income Tax Issues

How Tax Works

09/30/24 • 25 min

In this episode of How Tax Works, host Matt Foreman discusses a variety of state and local income tax issues that commonly come up during sales/purchases, raising capital, and the general operation of a business that crosses state lines, such as sourcing, PTETs, and the quirks of local income taxes.
Please also see Matt Foreman’s upcoming webinars! Links are below:

Positives and Negatives of S Corporations
October 29th, 2024 @ 1:00pm – 2:00pm EDT
Tax Strategies for Limited Partner Investors in Private Investment Funds
November 14th, 2024 @ 1:00pm – 2:30pm EST

Sales and Use Tax

How Tax Works

06/24/24 • 28 min

In this episode of How Tax Works, host Matt Foreman discusses Sales and Use Taxes. Matt will define sales taxes and use taxes; describe the common and disparate features between states; what to do if you need to collect; and how to determine if what you sell is subject to sales tax. This episode is for business owners, attorneys, accountants, and their advisors, as well as Wayfair, Overstock, and Newegg, whose decision to litigate against the South Dakota case ushered in a new era of tax collections.

Ordinary & Necessary Business Expenses: IRC 162 and 212

How Tax Works

07/22/24 • 31 min

In this episode of How Tax Works, host Matt Foreman discusses what you can deduct as business expenses, giving an overview of the law, regulations, and case law, as well as practical commentary based on his experience. This episode is for business owners, attorneys, accountants, and their advisors, as well as anyone who has ever wondered either “can I deduct this?” or “should I deduct this?”

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FAQ

How many episodes does How Tax Works have?

How Tax Works currently has 19 episodes available.

What topics does How Tax Works cover?

The podcast is about Podcasts and Business.

What is the most popular episode on How Tax Works?

The episode title 'Passive Activity Losses and Credit Limitations under IRC 469' is the most popular.

What is the average episode length on How Tax Works?

The average episode length on How Tax Works is 25 minutes.

How often are episodes of How Tax Works released?

Episodes of How Tax Works are typically released every 14 days.

When was the first episode of How Tax Works?

The first episode of How Tax Works was released on Jun 10, 2024.

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How Tax Works

Falcon Rappaport & Berkman LLP

Top 10 How Tax Works Episodes

Featured in these lists

FAQ

How many episodes does How Tax Works have?

What topics does How Tax Works cover?

What is the most popular episode on How Tax Works?

What is the average episode length on How Tax Works?

How often are episodes of How Tax Works released?

When was the first episode of How Tax Works?

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