Allocations Under IRC 704(c) – How Tax Works


Jan 05, 2026
  In episode 43 of How Tax Works, Matt Foreman discusses the three allowable methods Traditional, Traditional with Curative Allocations, and Remedial; the Ceiling Rule problem and how each method creates or mitigates the...

Offers in Compromise (OIC) – How Tax Works


Dec 22, 2025
  In episode 42 of How Tax Works, Matt Foreman discusses the often misunderstood Offer in Compromise process, focusing on what types of OICs are likely to get accepted and the different reasons to request one, as well as...

Family Offices – How Tax Works


Jun 23, 2025
  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 episode here:   ...

F Reorgs Redux – How Tax Works


Jun 09, 2025
  In episode 27 of How Tax Works, Matt Foreman discusses 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 episode here:   ...

Partnership Divisions – How Tax Works


May 12, 2025
  In Episode 25 of How Tax Works, Matt Foreman discusses the tax implications of dividing partnerships, redeeming partners, and dealing with partnership debt.  Listen to the episode here:    Follow us on Bluesky:...

Divisive Reorganizations – How Tax Works


Apr 28, 2025
  In Episode 24 of How Tax Works, Matt Foreman discusses how to divide two businesses into separate entities, focusing on the legal requirements and best practices. Listen to the episode here:    Follow us on Bluesky:...

What the F is an F Reorg? – How Tax Works


Apr 14, 2025
  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 careful when...

Golden Parachutes – How Tax Works


Mar 31, 2025
In Episode 22 of How Tax Works, Matt Foreman discusses Golden Parachutes under section 280G, which may sound like a fun thing to have, but they likely result in the highest effective income tax rates. Listen to the episode...

Tax Issues with Divorce – How Tax Works


Dec 16, 2024
  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...

Convertible Debt and SAFEs – How Tax Works


Sep 16, 2024
  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,...

Residency – How Tax Works


Jul 08, 2024
  In this episode of How Tax Works, host Matt Foreman discusses state residency rules to determine where an individual is a resident for income tax purposes.  Focusing on New York’s rules, Matt will discuss rules for...

Sales and Use Tax – How Tax Works


Jun 24, 2024
  In the second 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...

Entity Selection – How Tax Works


Jun 10, 2024
Welcome to the first episode of How Tax Works. Host Matt Foreman discusses what is likely the most important decision that a business owner can make: Entity Selection.  Matt will discuss many of the tax and non-tax factors,...