By: Megan E. Wilson, Esq., LL.M. and Matthew E. Foreman, Esq., LL.M. Recently, both major-party presidential candidates have come out in favor of a “no tax on tips” proposal, though neither candidate has indicated how to...
We are excited to announce that FRB Founding Partner Michele Schlereth, Esq., CPA, MST has been awarded the Long Island Business News 2024 Leaders in Business & Finance Independent CPA Award. This recognition highlights...
By: Matthew E. Foreman, Esq., LL.M. and Samuel J. Brady, Esq.[1] A question of burning relevance to certain taxpayers and their advisors is whether losses incurred in cryptocurrency trading can (a) be deducted generally and...
By: Matthew E. Foreman, Esq., LL.M. and James K. Ivanov Overview On May 3, 2024, the U.S. Court of Appeals for the D.C. Circuit issued its opinion in Farhy v. Comm’r (“Farhy DC”),[1] reversing the Tax...
By: Andrew P. Cooper, Esq., LL.M., Matthew E. Foreman, Esq., LL.M., and Terran Cooper The Drug Enforcement Administration (DEA) will call for cannabis to be rescheduled according to a report by the Associated Press. The...
By: Matthew E. Foreman, Esq., LL.M. and Vaughn C. Collopy, Esq. In Soroban Capital Partners v. Commissioner,[1] the United States Tax Court determined that entities formed as state law limited partnerships did not necessarily...
IRS Announces Audits of Business Jet Usage as Part of Larger Effort to Target High-Income Taxpayers
Feb 22, 2024
By: Matthew E. Foreman, Esq., LL.M. and Samuel J. Brady, Esq. On February 21, 2024, the IRS announced[1] plans to begin audits on aircraft that may be used for both business and personal purposes. This push is a part of the...
FRB Expands Taxation Practice Group, Elevates Andrew Gradman and Matthew Foreman to Co-Chairs
Jan 23, 2024
Falcon Rappaport & Berkman is pleased to announce Partners Andrew L. Gradman, Esq., LL.M. (California) and Matthew E. Foreman, Esq., LL.M. (New York) have been elevated to Co-Chairs of the firm’s Taxation Practice...
By: Matthew E. Foreman, Esq., LL.M., Moish E. Peltz, Esq., and Christopher Rivera On January 16, 2024, the Treasury Department and Internal Revenue Service (“IRS”) announced that the agencies are postponing the...
By: Matthew E. Foreman, Esq., LL.M. and Samuel J. Brady, Esq. On December 21, 2023, the IRS announced a new Voluntary Disclosure Program (the “Program”), allowing employers (both businesses and not-for-profits) who...