How Tax Works
@howtaxworks.bsky.social
A podcast about how tax (law) works and how tax (law) doesn't work (because there are misconceptions) from @ForemanTaxLaw.com and FRB Law. Not legal advice; attorney advertising. Lyrically I’m Mario Andretti on the mo-mo.
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How Tax Works
@howtaxworks.bsky.social
· Jan 31
Every single episode of How Tax Works can be found here: frblaw.com/podcast-cate...
Now Episode 40 What You Should Do If Your Audit Goes Poorly and You Need to Litigate? frblaw.com/podcast/what...
What You Should Do If Your Audit Goes Poorly and You Need to Litigate? - Falcon Rappaport & Berkman LLP
In episode 40 of How Tax Works, Matt Foreman continues his discussion of tax controversy, discussing appeals and litigation, focusing on timing, audit risk, and other related issues. Listen to the epi...
frblaw.com
November 24, 2025 at 11:44 PM
Now Episode 40 What You Should Do If Your Audit Goes Poorly and You Need to Litigate? frblaw.com/podcast/what...
Two weeks late, but Episode 39: Episode 39 What Should You Do If You Get Audited by the IRS (or State Revenue Agency)? frblaw.com/podcast/what...
What Should You Do If You Get Audited by the IRS (or State Revenue Agency)? - Falcon Rappaport & Berkman LLP
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 ig...
frblaw.com
November 24, 2025 at 11:44 PM
Two weeks late, but Episode 39: Episode 39 What Should You Do If You Get Audited by the IRS (or State Revenue Agency)? frblaw.com/podcast/what...
Episode 38: Updates to Qualified Small Business Stock (IRC 1202) and R&E Expensing Under OBBBA (IRC 174 and new 174A). Also, I discuss how OBBBA should be pronounced (real answer, no gimmicks): frblaw.com/podcast/upda...
October 27, 2025 at 4:17 PM
Episode 38: Updates to Qualified Small Business Stock (IRC 1202) and R&E Expensing Under OBBBA (IRC 174 and new 174A). Also, I discuss how OBBBA should be pronounced (real answer, no gimmicks): frblaw.com/podcast/upda...
Next two episodes are outlines and will be recorded next week. Tax audits & litigation.
October 24, 2025 at 4:13 AM
Next two episodes are outlines and will be recorded next week. Tax audits & litigation.
Episode 37: If You Win the Lottery, the First Thing You Should Do Is… Call a Tax Lawyer?
frblaw.com/podcast/if-y...
frblaw.com/podcast/if-y...
October 14, 2025 at 7:56 PM
Episode 37: If You Win the Lottery, the First Thing You Should Do Is… Call a Tax Lawyer?
frblaw.com/podcast/if-y...
frblaw.com/podcast/if-y...
Episode 36: Grouping and Separate Activities Under 469 of the IRC
Listen here: frblaw.com/podcast/grou...
Spotify
open.spotify.com/episode/4Bzh...
Apple Podcasts: podcasts.apple.com/us/podcast/g...
Amazon Podcasts: music.amazon.com/podcasts/968...
BuzzSprout: www.buzzsprout.com/admin/237225...
Listen here: frblaw.com/podcast/grou...
Spotify
open.spotify.com/episode/4Bzh...
Apple Podcasts: podcasts.apple.com/us/podcast/g...
Amazon Podcasts: music.amazon.com/podcasts/968...
BuzzSprout: www.buzzsprout.com/admin/237225...
Grouping and Separate Activities Under Section 469 of the Internal Revenue Code - Falcon Rappaport & Berkman LLP
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 (q...
frblaw.com
September 30, 2025 at 1:53 AM
Episode 36: Grouping and Separate Activities Under 469 of the IRC
Listen here: frblaw.com/podcast/grou...
Spotify
open.spotify.com/episode/4Bzh...
Apple Podcasts: podcasts.apple.com/us/podcast/g...
Amazon Podcasts: music.amazon.com/podcasts/968...
BuzzSprout: www.buzzsprout.com/admin/237225...
Listen here: frblaw.com/podcast/grou...
Spotify
open.spotify.com/episode/4Bzh...
Apple Podcasts: podcasts.apple.com/us/podcast/g...
Amazon Podcasts: music.amazon.com/podcasts/968...
BuzzSprout: www.buzzsprout.com/admin/237225...
Episode 35: The Installment Method Under Section 453 (and 453A!) of the IRC
frblaw.com/podcast/the-...
frblaw.com/podcast/the-...
The Installment Method Under Section 453 of Internal Revenue Code - Falcon Rappaport & Berkman LLP
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 exch...
frblaw.com
September 15, 2025 at 6:20 PM
Episode 35: The Installment Method Under Section 453 (and 453A!) of the IRC
frblaw.com/podcast/the-...
frblaw.com/podcast/the-...
Episodes 33 and 34: Can AI Replace Tax Lawyers?
Part I: frblaw.com/podcast/can-...
Part II: frblaw.com/podcast/can-...
Part I: frblaw.com/podcast/can-...
Part II: frblaw.com/podcast/can-...
Can AI Replace Tax Lawyers? (Part I) - Falcon Rappaport & Berkman LLP
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 lawyer...
frblaw.com
September 2, 2025 at 6:18 PM
Episodes 33 and 34: Can AI Replace Tax Lawyers?
Part I: frblaw.com/podcast/can-...
Part II: frblaw.com/podcast/can-...
Part I: frblaw.com/podcast/can-...
Part II: frblaw.com/podcast/can-...
Episode 32: NFL is exchanging NFL Network (and Red Zone!) for a 10% equity stake in ESPN. How could that work from a tax perspective? frblaw.com/podcast/how-...
How I Think the ESPN and NFL Deal is Structured - Falcon Rappaport & Berkman LLP
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. Listen to th...
frblaw.com
August 18, 2025 at 2:21 PM
Episode 32: NFL is exchanging NFL Network (and Red Zone!) for a 10% equity stake in ESPN. How could that work from a tax perspective? frblaw.com/podcast/how-...
I’m ready to record the next few episodes, including a two-parter on how well (or poorly) AI does with tax law.
August 11, 2025 at 3:19 AM
I’m ready to record the next few episodes, including a two-parter on how well (or poorly) AI does with tax law.
Real Estate Investors and the Passive Activity Loss Rules under IRC 469: Listen here: frblaw.com/podcast/real...
Real Estate Investors and the Passive Activity Loss Rules under IRC 469 - Falcon Rappaport & Berkman LLP
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 ...
frblaw.com
August 4, 2025 at 4:15 PM
Real Estate Investors and the Passive Activity Loss Rules under IRC 469: Listen here: frblaw.com/podcast/real...
Legit excited for the episode that’s coming out on Monday. A deep dive on IRC 469 (passive activity loss limitations) for real estate.
August 1, 2025 at 4:54 AM
Legit excited for the episode that’s coming out on Monday. A deep dive on IRC 469 (passive activity loss limitations) for real estate.
Episode 30: Gambling losses, whether something is a gift (or taxable income!), whether an asset is inventory or a capital asset, and closing with a discussion of Broadway producer George M. Cohan’s contribution to tax law. frblaw.com/podcast/famo...
Famous and Important Tax Cases: Part II - Falcon Rappaport & Berkman LLP
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 c...
frblaw.com
July 21, 2025 at 2:41 PM
Episode 30: Gambling losses, whether something is a gift (or taxable income!), whether an asset is inventory or a capital asset, and closing with a discussion of Broadway producer George M. Cohan’s contribution to tax law. frblaw.com/podcast/famo...
Episode 29: Tax cases you should know! Gregory (whether there is a patriotic duty to increase one's taxes); Eisner v. Macomber (stock dividends); Danielson (substance v form); Arrowsmith (ordinary v capital, not the band); and Orrisch (subK capital accounts):
frblaw.com/podcast/famo...
frblaw.com/podcast/famo...
Famous and Important Tax Cases: Part I - Falcon Rappaport & Berkman LLP
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...
frblaw.com
July 7, 2025 at 3:49 PM
Episode 29: Tax cases you should know! Gregory (whether there is a patriotic duty to increase one's taxes); Eisner v. Macomber (stock dividends); Danielson (substance v form); Arrowsmith (ordinary v capital, not the band); and Orrisch (subK capital accounts):
frblaw.com/podcast/famo...
frblaw.com/podcast/famo...
Recorded along with 31, which discusses
June 23, 2025 at 11:12 PM
Recorded along with 31, which discusses
Episode 28: Family Offices (which doesn't require a family at all!): frblaw.com/podcast/fami...
Family Offices - Falcon Rappaport & Berkman LLP
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. Listen to the episo...
frblaw.com
June 23, 2025 at 3:18 PM
Episode 28: Family Offices (which doesn't require a family at all!): frblaw.com/podcast/fami...
Episodes 29 and 30 are ready to be recorded. What will I discuss? Oh, it’s gonna be goooooood.
June 20, 2025 at 3:40 AM
Episodes 29 and 30 are ready to be recorded. What will I discuss? Oh, it’s gonna be goooooood.
Episode 28 out on Monday: Family Offices
June 17, 2025 at 11:07 PM
Episode 28 out on Monday: Family Offices
Episode 27: F Reorgs Part Deux:
Listen here: frblaw.com/podcast/f-re...
Spotify: open.spotify.com/episode/0J1a...
Apple Podcasts: podcasts.apple.com/us/podcast/f...
Amazon Music: music.amazon.com/podcasts/968...
Listen here: frblaw.com/podcast/f-re...
Spotify: open.spotify.com/episode/0J1a...
Apple Podcasts: podcasts.apple.com/us/podcast/f...
Amazon Music: music.amazon.com/podcasts/968...
F Reorgs Redux - Falcon Rappaport & Berkman LLP
In episode 27 of How Tax Works, Matt Foreman discuss 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. Listen to the epis...
frblaw.com
June 10, 2025 at 1:16 PM
Episode 27: F Reorgs Part Deux:
Listen here: frblaw.com/podcast/f-re...
Spotify: open.spotify.com/episode/0J1a...
Apple Podcasts: podcasts.apple.com/us/podcast/f...
Amazon Music: music.amazon.com/podcasts/968...
Listen here: frblaw.com/podcast/f-re...
Spotify: open.spotify.com/episode/0J1a...
Apple Podcasts: podcasts.apple.com/us/podcast/f...
Amazon Music: music.amazon.com/podcasts/968...
Episode 26: Now I know my ABCs next time won't you undertake an acquisitive reorganization with me?
Here: frblaw.com/podcast/abcs...
Also Spotify: open.spotify.com/episode/7uw7...
Apple Podcasts: podcasts.apple.com/us/podcast/a...
Amazon Music: music.amazon.com/podcasts/968...
Here: frblaw.com/podcast/abcs...
Also Spotify: open.spotify.com/episode/7uw7...
Apple Podcasts: podcasts.apple.com/us/podcast/a...
Amazon Music: music.amazon.com/podcasts/968...
ABCs of A, B, and C Reorganizations - Falcon Rappaport & Berkman LLP
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 i...
frblaw.com
May 28, 2025 at 12:40 PM
Episode 26: Now I know my ABCs next time won't you undertake an acquisitive reorganization with me?
Here: frblaw.com/podcast/abcs...
Also Spotify: open.spotify.com/episode/7uw7...
Apple Podcasts: podcasts.apple.com/us/podcast/a...
Amazon Music: music.amazon.com/podcasts/968...
Here: frblaw.com/podcast/abcs...
Also Spotify: open.spotify.com/episode/7uw7...
Apple Podcasts: podcasts.apple.com/us/podcast/a...
Amazon Music: music.amazon.com/podcasts/968...
Episode 25: Partnership Divisions, or I used to love you but now I hate you: frblaw.com/podcast/part...
Also: Spotify: open.spotify.com/episode/1x8J...
Apple Podcasts: podcasts.apple.com/us/podcast/p...
Amazon Music: music.amazon.com/podcasts/968...
Also: Spotify: open.spotify.com/episode/1x8J...
Apple Podcasts: podcasts.apple.com/us/podcast/p...
Amazon Music: music.amazon.com/podcasts/968...
Partnership Divisions
How Tax Works · Episode
open.spotify.com
May 12, 2025 at 9:31 PM
Episode 25: Partnership Divisions, or I used to love you but now I hate you: frblaw.com/podcast/part...
Also: Spotify: open.spotify.com/episode/1x8J...
Apple Podcasts: podcasts.apple.com/us/podcast/p...
Amazon Music: music.amazon.com/podcasts/968...
Also: Spotify: open.spotify.com/episode/1x8J...
Apple Podcasts: podcasts.apple.com/us/podcast/p...
Amazon Music: music.amazon.com/podcasts/968...
Episode 25 (partnership divisions) is done and will be released on Monday. Episode 26 (A B C Reorgs) is outlined and will be recorded on Tuesday. About to start outlining Episode 27, which is about (look at the picture)
May 10, 2025 at 6:42 PM
Episode 25 (partnership divisions) is done and will be released on Monday. Episode 26 (A B C Reorgs) is outlined and will be recorded on Tuesday. About to start outlining Episode 27, which is about (look at the picture)
Episode 24: Divisive Reorganizations (368(a)(1)(F) and 355): frblaw.com/podcast/divi...
Spotify: open.spotify.com/episode/53yU...
Apple Podcasts: podcasts.apple.com/us/podcast/d...
Amazon Music: music.amazon.com/podcasts/968...
Spotify: open.spotify.com/episode/53yU...
Apple Podcasts: podcasts.apple.com/us/podcast/d...
Amazon Music: music.amazon.com/podcasts/968...
April 28, 2025 at 9:36 PM
Episode 24: Divisive Reorganizations (368(a)(1)(F) and 355): frblaw.com/podcast/divi...
Spotify: open.spotify.com/episode/53yU...
Apple Podcasts: podcasts.apple.com/us/podcast/d...
Amazon Music: music.amazon.com/podcasts/968...
Spotify: open.spotify.com/episode/53yU...
Apple Podcasts: podcasts.apple.com/us/podcast/d...
Amazon Music: music.amazon.com/podcasts/968...
Episode 23: WHAT THE F IS A F REORG!?!??? frblaw.com/podcast/what...
What the F is a F Reorg? - Falcon Rappaport & Berkman LLP
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 c...
frblaw.com
April 15, 2025 at 2:59 AM
Episode 23: WHAT THE F IS A F REORG!?!??? frblaw.com/podcast/what...