Firm Newsletter | April 2025

Apr 22, 2025
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Dear Clients and Friends:


We write to update you on recent activities at FRB.
 

First, FRB is excited to share news of our continued growth, with Michael Landsman joining the firm as a Partner in our Real Estate and Estate Planning Practice Groups (Mount Kisco & New York City). Michael brings extensive experience in real estate and estate planning and will strengthen the firm's service offerings in both New York and Westchester. Learn more about Michael's practice and experience below.

Also,  we're proud to share that our litigation team, led by FRB Partner Chris Slowik, secured a major win for our client in its pursuit of a New York cannabis license. The Supreme Court of Albany County annulled the State’s denial of our client’s retail cannabis license, ruling that the Cannabis Control Board’s restrictive policies were unlawfully enacted without following required administrative procedures. The decision underscores the importance of proper procedural compliance and ensures fairness and accountability in cannabis licensing. Read more about the case here.  

Next, we invite you to join Vice Managing Partner Matthew Rappaport this Wednesday, April 23 from from 7:30 AM - 10:30 AM ET for Dime Bank's complimentary breakfast and in-person CLE event "Sunset of the Lifetime Estate and Gift Tax Exemption: Planning Techniques and Considerations." Earn 2.0 CLE Credits by attending. Learn more and register below.

Afterward, join FRB Taxation Partner Matthew Foreman on Wednesday, April 23 from 2:00 PM - 3:30 PM ET for the ALI CLE webinar "Tax Issues in M&A Deals: Critical Considerations and Consequences." Earn 1.5 CLE Credits by attending. Learn more and register below.  The following day, on April 24 from 1:00 PM - 2:00 PM, join Matthew for "Bobbleheads, Baseballs, and Beanie Babies". Earn 1.0 CLE/CPE/CE for IRS Enrolled Agents credits by attending. Learn more and register below.

Also, don’t miss our upcoming participation in Ponce Bank’s “Protecting Your Legacy” webinar series on Tuesday, May 13 from 1:00 – 2:00 PM ET and Tuesday, May 20 from 1:00 PM - 2:00 PM ET. FRB Partners Rachael Harding and Patricia Craig will lead thoughtful sessions on Wills & Estate Planning, Special Needs Trusts, and Elder Care Planning. Learn more and register below.  

Additionally, FRB celebrates Ruth Kraft, Partner and Chair of the Labor & Employment Practice Group, who was recently recognized at the Herald's 2025 Top Lawyers of Long Island Awards for her continued leadership in labor and employment law. Congratulations, Ruth! Check out the event here.

Lastly, FRB was honored to be a Platinum Sponsor of this year’s Excellence in Entrepreneurship Awards, hosted by the Orange County Business Journal. It was a privilege to celebrate innovation and leadership alongside some of Orange County’s most dynamic entrepreneurs. Check out photos from the event here. 

Register for Our Upcoming Webinars & Seminars

 

In-Person: Sunset of the Lifetime Estate and Gift Tax Exemption: Planning Techniques and Considerations (2.0 CLE Credits)

  • Join FRB's Vice Managing Partner Matthew E. Rappaport, Esq., LL.M. on Wednesday, April 23 from 7:30 AM - 10:30 AM ET to explore planning strategies around the sunset of the lifetime estate and gift tax exemption. 
  • Learn more and register for free here.

 

Webinar: Tax Issues in M&A Deals: Critical Considerations and Consequences (1.5 CLE Credits)

  • Join FRB Partner Matthew E. Foreman, Esq., LL.M. on Wednesday, April 23 from 2:00 PM - 3:30 PM ET and cover key tax issues in M&A deals, from Section 338 elections to capital gains updates.
  • Learn more and register here.

 

Webinar: Bobbleheads, Baseballs, and Beanie Babies: The Taxation of Collectibles
(1.0 CLE/CPE/CE for IRS Enrolled Agents)

  • Join FRB Partner Matthew E. Foreman, Esq., LL.M. on Thursday, April 24 from 1:00 PM - 2:00 PM ET and explore the various tax implications, including whether the income is subject to tax at capital gains or ordinary income rates. Additionally, learn what types of expenses related to collectibles can be deducted, when they can be deducted, whether you can deduct expenses in excess of income, and whether sales tax needs to be applied to the transactions. 
  • Learn more and register for free here.

 

Webinar: Protecting Your Legacy (Series)

  • Join FRB Partner Rachael A. Harding, Esq. and Senior Counsel Patricia A. Craig, Esq. on Tuesday, May 13 from 1:00 PM - 2:00 PM ET and Tuesday, May 20 from 1:00 PM - 2:00 PM ET, respectively to discuss critical aspects of Estate Planning, Special Needs Trusts, Elder Care Planning, and more.
  • Learn more and register for free here.

 

Check Out Our Latest Podcasts

 

How Tax Works - Ep. 23 
What the F is an F Reorg?

  • In this episode of How Tax Works, FRB Partner Matthew E. Foreman, Esq., LL.M. 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. 
  • Listen to the episode here.

 

Block & Order #33
Digital Chamber, Deel, NFTs, BitMEX + More!

  • In this episode of Block and Order, hosts Kyle M. Lawrence, Esq. and Moish E. Peltz, Esq. reflect on their trip to Washington D.C. for the Digital Chamber Blockchain Summit. They examine bipartisan efforts to clarify crypto laws, Rippling’s espionage claims against Deel, and evolving debates around NFT safe harbor protections. The discussion also touches on Trump’s pardons of BitMEX founders, updated IRS crypto tax guidance, and the SEC’s view on proof-of-work mining.
  • Watch the episode here.

 

 

FRB Welcomes Michael L. Landsman

  • Michael Landsman joins the firm as a Partner in the Real Estate and Estate Planning Practice Groups. With over 25 years of experience, Michael advises clients on commercial and investment real estate, Section 1031, tax-deferred exchanges, estate planning, and trusts. He’s known for handling complex, overlapping matters with a thoughtful, people-first approach and has built strong relationships with clients across industries—including real estate, hospitality, the arts, and nonprofits. Prior to joining FRB, Michael was the Co-Managing Partner at Holm & O’Hara LLP. 

 

Check Out Our Past Webinars

 

Determining Basis of Gifted Assets: Passive Loss Carryovers, Spousal Transfers, Gifts of Loss Property (2.0 CPE Credits)

Single Member LLCs: Avoiding Risks and Seizing Opportunities
(MCLE Credit Varies by State)

  • Alexander R. Migliorini, Esq., MBA and Samuel J. Brady, Esq. cover critical topics including pros and cons of Single Member LLCs (SMLLCs), best practices for formation and operation, tax-efficient structuring & asset protection, and SMLLCs in litigation and ethical considerations. 
  • Watch here.

Revenue Rulings 99-5 and 99-6: Tax Implications of Restructured Partnerships and LLCs (2.0 CPE Credits)

 

Check Out Our Latest Insights & News

 

New York Extends Home Care CDPAP Registration Deadlines Amid Consumer Complaints and Pending Litigation Over Transition to PPL

  • In follow-up to our previous blog post regarding the transition of the administration of Medicaid benefits through the Consumer Directed Personal Assistance Program (CDPAP) to Public Partnerships LLC (PPL), there have been several important updates that CDPAP consumers and caregivers should be aware of to ensure that their coverage and ability to receive compensation for providing home care services remain intact. Read more.

SEC’s New Staff Statement on Crypto Offerings and Registrations: What It Means for the Digital Asset Industry

  • The U.S. Securities and Exchange Commission’s recent staff statement clarifies how federal securities laws apply to crypto asset issuers, narrowing the gap between outdated laws and the digital asset market. Kyle M. Lawrence, Esq. and Moish E. Peltz, Esq. break down the key points of the SEC's Statement and what it means for market participants navigating crypto securities offerings. Read more.

Foreclosure Process Clarification: No Pre-Foreclosure Notice Required to be Served on Appointed Estate Fiduciary for Deceased Borrowers

  • Are pre-foreclosure notices required when a borrower passes away? FRB’s Michele K. Jaspan, Senior Counsel in the Creditors' Rights & Bankruptcy Law Practice Group, breaks down a key court ruling that clarifies lender obligations. Read more.

Are You Impacted by the Changes to the Consumer Directed Personal Assistance Program?

  • Urgent changes to New York’s Consumer Directed Personal Assistance Program (CDPAP) require Medicaid recipients to take essential steps before the March 28, 2025, deadline. Read more.

Shielding Your Cryptocurrency: Essential Estate Planning and Asset Protection Strategies in the Digital Age

  • With Bitcoin touching $100K and crypto investments skyrocketing, Jeffrey M. Verdon, Esq. outlines essential estate planning and asset protection strategies for cryptocurrency holders. Read more.

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