#462 Revealing Tax Strategies That Will Leave You BROKE

from Main Street Business · host Mark J Kohler and Mat Sorensen

In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen debunk five viral tax strategies that are often oversold and misunderstood. Here are some of the main points they discussed:The top five deceptive tax strategies: The QSBS 1202 strategy, setting up an entity in another state to avoid state tax, cost segregations, setting up a C corporation for a small business, and the overselling of life insurance.Insight into why these strategies often don't work for the majority of people, despite being pitched as universal solutions.Advice on seeking a second opinion from a non-salesperson before implementing any tax strategy.Thoughts on the importance of considering the credentials of those offering tax advice and ensuring they are licensed professionals.Practical guidance on what to do if you've already implemented one of these five strategies and find it isn't serving you well.This is a must-listen episode for anyone who is navigating their tax strategies and wants to ensure they are making informed decisions!Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohlerCraving more content? Check out my Instagram!

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This episode is 27 minutes long.

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This episode was published on November 7, 2023.

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