Pod's
How many pods are there?
6
Who is the founder?
Frank. W Rimerman
You can deduct the cost of moving your pet if you're relocating for a new job
False, USED to be true before 2018.
Used by individuals to file their personal income tax returns
Form 1040
IRS
Internal Revenue Service
Which pod is the VC focused pod?
Pod 0
Who is the managing partner?
Michael Rewkiewicz
You can claim your cat/dog as a dependent since you fully support them
No, RIP
Used to report wages, tips, and other compensation given to employees from their employer
Form W-2
IRA
Individual Retirement Account
What is pod 5's favorite bar?
North Star - in North Beach
When was FRCO founded?
1949
A man convicted of securities fraud and conspiracy to commit arson deducted his criminal defense legal fees as an “ordinary and necessary” expense of his business.
True, the Supreme Court sided with him, noting that legal fees for the defense of business-related crimes are deductible. Commissioner v. Tellier (1966)
Used for a corporation taxed separately from its owners
Form 1120
NOL
Net Operating Loss
Name a pod 5 partner
Anne, Robert, Adam, Mike, Deanna, Jon
What is one of our core values?
Nurture, Invest, Impact, Build
A man deducted the cost of a swimming pool because his doctor recommended it for arthritis
TRUE, if prescribed by a doctor and used primarily for medical care it may qualify as a medical expense (Cherry v. Comissioner)
Used to report income, deductions, and credits for partnerships, this form doesn’t pay taxes itself—just passes them through.
Form 1065
TCJA
Tax Cuts and Jobs Act
Which pod is the best pod?
Pod 5
Why do we have a , between Frank and Rimerman? Frank, Rimerman + Co.
When Robert Frank joined as a the second partner the only change they had to make to their sign was adding a comma instead of changing the whole sign
A cat hired to chase mice in a warehouse can be depreciated over 5 years
False, this would be an expense
Used to report Depreciation and Amortization
Form 4562
BBB
Big Beautiful Bill