In episode 16 of How Tax Works, Matt Foreman talks about how to lower your taxes and why your accountant probably shouldn’t let you deduct your Bugatti, as well as answering a question from Ken Falcon, Managing Partner at Falcon Rappaport & Berkman LLP regarding whether property acquired via adverse possession is taxable. This episode is for anyone who has asked or has been asked a quick tax question.

Please also see Matt Foreman’s upcoming webinars! Details below:

• Deducting Digital Asset Losses: Worthless Assets, Rev Proc 2024-28 Basis Safe Harbor, Theft and Casualty Losses
  January 15th, 2025 @ 1:00pm – 2:50pm EST
• Domicile and Tax Residency Considerations for Business Owners
  January 22nd, 2025 @ 2:00pm – 3:00pm EST

How Tax Works, hosted by FRB Partner Matthew E. Foreman, Esq., LL.M. at Falcon Rappaport & Berkman LLP, delves into the intricacies of taxation, breaking down complex concepts for a clearer understanding of how tax laws impact your financial decisions.

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