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...

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...

By: Matthew E. Foreman, Esq., LL.M. and Davis Rosser To keep emerging technology companies in New York, the New York City Council renewed the biotechnology tax credit for tax years beginning after January 1, 2023 and before...

By: Matthew E. Foreman, Esq., LL.M. and Terran Cooper As New York State anticipates licensing hundreds more cannabis businesses in the coming months, New York State has permitted New York City to decouple from Section 280E of...

Falcon Rappaport & Berkman is honored to announce our ranking in Chambers and Partners’ first ever New York Regional Spotlight Guide for Corporate / Commercial. Chambers focuses on identifying and showcasing the most...

By: Matthew E. Foreman, Esq., LL.M. and Davis Rosser The Employee Retention Tax Credit (“ERC”) is a refundable tax credit for businesses that continued paying employees during the COVID-19 pandemic while their business...

By: Matthew E. Foreman, Esq., LL.M., Michelle S. Kabel, Esq., Moish Peltz, Esq., and Davis Rosser Introduction On August 25, 2023, the Treasury Department and the Internal Revenue Service (the “IRS”) issued proposed...

By: Matthew E. Rappaport Esq., LL.M., Matthew E. Foreman, Esq., LL.M., Louis J. Kesselbrenner, Esq., Michelle S. Kabel, Esq., and Moish E. Peltz, Esq. The Internal Revenue Service (the “IRS”) published Revenue Ruling...