#516 Tax Lawyer Q&A: Strategies To Save You THOUSANDS In Taxes

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

In this episode of the Main Street Business podcast, host Mark J. Kohler and special guest Ashley Burr focus on optimizing business structures and tax benefits. They cover the pitfalls of using rewards points for business expenses, converting 401Ks to Roth IRAs, and selecting the right business structure for spouses. Mark and Ashley also unpack strategies for leveraging HSAs, real estate tax tips, and maintaining a corporate veil, concluding with tax-saving tips via S Corporations.Here are some of the highlights:Mark and Ashley introduce tactics to mitigate tax burden from Roth conversionsSingle-member LLC vs. partnership for spousal businessesStrategies for real estate professionals to offset taxable incomeImportance of proper business structure for asset protectionHow to use Roth conversion to eliminate Required Minimum Distributions (RMDs)Significance of comprehensive operating agreements for family business transfersBalancing S Corp salary with Qualified Business Income (QBI) deductionGrab 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 41 minutes long.

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This episode was published on August 2, 2024.

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