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The Quickest Way To $1,000,000 Tax Free And Other Tax Strategies You Aren't Using To Save Money and Grow Your Wealth Faster | Mark Kohler

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Manage episode 445165235 series 2587992
Контент предоставлен Matt Aitchison Media, Inc and Matt Aitchison. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Matt Aitchison Media, Inc and Matt Aitchison или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

Host: Matty A Guest: Mark J. Kohler, CPA, Attorney, and Financial Expert

Episode Summary:

In this episode, Matty A welcomes tax expert Mark J. Kohler to share powerful tax-saving strategies for entrepreneurs, business owners, and investors. They dive deep into real-world tactics for maximizing tax savings, the fastest ways to accumulate tax-free wealth, and how to play the long-term wealth-building game. Mark simplifies complex tax strategies and explains how small businesses can keep more money in their pockets while growing their wealth.

Whether you're a seasoned entrepreneur or just starting out, this episode will provide actionable insights to help you optimize your tax strategies, protect your wealth, and create a plan that aligns with your financial goals.

Key Topics Covered:

  • The Power of Tax Strategy: Understanding why taxes are the number one cost for small business owners and how focusing on tax savings can be as important as making more money.

  • Fastest Way to a Million Dollars, Tax-Free: Mark shares the importance of Roth IRAs, self-directed IRAs, and the strategy to maximize tax-free growth.

  • Real Estate Tax Strategies: From real estate professional status to short-term rental loopholes, Mark outlines the best tax strategies for real estate investors.

  • Business Tax Hacks: Mark highlights key strategies for business owners, including S Corps, home office deductions, auto write-offs, and family payroll tactics.

  • Backdoor Roth Strategies: Explaining how high-income earners can still maximize Roth IRA contributions using the backdoor method and how to turbocharge savings with mega backdoor Roths.

  • Maximizing Compliance and Documentation: How to ensure you are audit-proof while leveraging aggressive but legal tax-saving strategies.

Time-Stamped Sections:

  • [00:00:00] – The Biggest Expense: Taxes: Matty and Mark start the conversation on why taxes are the biggest lifetime cost and how small business owners can make strategic decisions to lower this burden.

  • [00:03:00] – Critical Questions to Ask Your CPA: Mark rattles off key questions business owners should be asking their tax advisors, from S Corp elections to maximizing payroll and family deductions.

  • [00:08:00] – The Fastest Path to $1 Million Tax-Free: How to use Roth IRAs and self-directed IRAs to create tax-free income streams over time.

  • [00:16:00] – Real Estate Professional Status: Breaking down how to qualify for real estate professional status and use rental property depreciation to offset high incomes.

  • [00:21:00] – Maximizing Small Business Deductions: Mark shares top tax tactics, from auto deductions and home office write-offs to medical strategies for small business owners.

  • [00:29:00] – Roth and Backdoor Roth Strategies: Understanding the mega backdoor Roth strategy and how to contribute up to $76,000 tax-free in retirement accounts.

  • [00:33:00] – Playing the Tax Game: Mark’s philosophy on pushing the envelope, staying compliant, and how to audit-proof your business while using advanced tax-saving tactics.

Notable Quotes:

  • Mark J. Kohler: "It’s easier to save money than to make money. If you’re not focusing on taxes, you’re leaving thousands of dollars on the table every year."

  • Matty A: "This game of money has levels, and understanding the tax game is a critical part of playing it right."

Links & Resources:

  • Mark J. Kohler's Website: MarkJKohler.com

  • Financial X-Ray with Ryan's Team: Text 'Xray' to 844-447-1555

  • Directed IRA: Learn more about self-directed retirement accounts at DirectedIRA.com

  • Free Business & Tax Content: Subscribe to Mark J. Kohler’s YouTube Channel for tax strategies, updates, and live Q&A sessions.

Calls-to-Action:

  • Get Your Tax Strategy Right: Check out Mark's certified tax advisors and build a tax plan that keeps more money in your pocket.

  • Maximize Tax-Free Growth: Open a self-directed Roth IRA and start building your tax-free wealth.

  • Listen to More Tax-Saving Tips: Tune in to Mark's Main Street Business Podcast for the latest in tax and financial planning strategies.

Episode Sponsored By:

Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/

MY FIRST 50K!: Visit https://wiseinvestorcollective.com/ and submit your application to join!

  continue reading

997 эпизодов

Artwork
iconПоделиться
 
Manage episode 445165235 series 2587992
Контент предоставлен Matt Aitchison Media, Inc and Matt Aitchison. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Matt Aitchison Media, Inc and Matt Aitchison или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

Host: Matty A Guest: Mark J. Kohler, CPA, Attorney, and Financial Expert

Episode Summary:

In this episode, Matty A welcomes tax expert Mark J. Kohler to share powerful tax-saving strategies for entrepreneurs, business owners, and investors. They dive deep into real-world tactics for maximizing tax savings, the fastest ways to accumulate tax-free wealth, and how to play the long-term wealth-building game. Mark simplifies complex tax strategies and explains how small businesses can keep more money in their pockets while growing their wealth.

Whether you're a seasoned entrepreneur or just starting out, this episode will provide actionable insights to help you optimize your tax strategies, protect your wealth, and create a plan that aligns with your financial goals.

Key Topics Covered:

  • The Power of Tax Strategy: Understanding why taxes are the number one cost for small business owners and how focusing on tax savings can be as important as making more money.

  • Fastest Way to a Million Dollars, Tax-Free: Mark shares the importance of Roth IRAs, self-directed IRAs, and the strategy to maximize tax-free growth.

  • Real Estate Tax Strategies: From real estate professional status to short-term rental loopholes, Mark outlines the best tax strategies for real estate investors.

  • Business Tax Hacks: Mark highlights key strategies for business owners, including S Corps, home office deductions, auto write-offs, and family payroll tactics.

  • Backdoor Roth Strategies: Explaining how high-income earners can still maximize Roth IRA contributions using the backdoor method and how to turbocharge savings with mega backdoor Roths.

  • Maximizing Compliance and Documentation: How to ensure you are audit-proof while leveraging aggressive but legal tax-saving strategies.

Time-Stamped Sections:

  • [00:00:00] – The Biggest Expense: Taxes: Matty and Mark start the conversation on why taxes are the biggest lifetime cost and how small business owners can make strategic decisions to lower this burden.

  • [00:03:00] – Critical Questions to Ask Your CPA: Mark rattles off key questions business owners should be asking their tax advisors, from S Corp elections to maximizing payroll and family deductions.

  • [00:08:00] – The Fastest Path to $1 Million Tax-Free: How to use Roth IRAs and self-directed IRAs to create tax-free income streams over time.

  • [00:16:00] – Real Estate Professional Status: Breaking down how to qualify for real estate professional status and use rental property depreciation to offset high incomes.

  • [00:21:00] – Maximizing Small Business Deductions: Mark shares top tax tactics, from auto deductions and home office write-offs to medical strategies for small business owners.

  • [00:29:00] – Roth and Backdoor Roth Strategies: Understanding the mega backdoor Roth strategy and how to contribute up to $76,000 tax-free in retirement accounts.

  • [00:33:00] – Playing the Tax Game: Mark’s philosophy on pushing the envelope, staying compliant, and how to audit-proof your business while using advanced tax-saving tactics.

Notable Quotes:

  • Mark J. Kohler: "It’s easier to save money than to make money. If you’re not focusing on taxes, you’re leaving thousands of dollars on the table every year."

  • Matty A: "This game of money has levels, and understanding the tax game is a critical part of playing it right."

Links & Resources:

  • Mark J. Kohler's Website: MarkJKohler.com

  • Financial X-Ray with Ryan's Team: Text 'Xray' to 844-447-1555

  • Directed IRA: Learn more about self-directed retirement accounts at DirectedIRA.com

  • Free Business & Tax Content: Subscribe to Mark J. Kohler’s YouTube Channel for tax strategies, updates, and live Q&A sessions.

Calls-to-Action:

  • Get Your Tax Strategy Right: Check out Mark's certified tax advisors and build a tax plan that keeps more money in your pocket.

  • Maximize Tax-Free Growth: Open a self-directed Roth IRA and start building your tax-free wealth.

  • Listen to More Tax-Saving Tips: Tune in to Mark's Main Street Business Podcast for the latest in tax and financial planning strategies.

Episode Sponsored By:

Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/

MY FIRST 50K!: Visit https://wiseinvestorcollective.com/ and submit your application to join!

  continue reading

997 эпизодов

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