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

Main Street Business

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1M ago 41:28

MP3•Episode hjem

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 conversions
Single-member LLC vs. partnership for spousal businesses
Strategies for real estate professionals to offset taxable income
Importance of proper business structure for asset protection
How to use Roth conversion to eliminate Required Minimum Distributions (RMDs)
Significance of comprehensive operating agreements for family business transfers
Balancing S Corp salary with Qualified Business Income (QBI) deduction

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Kapitler

1. #516 Tax Lawyer Q&A: Strategies To Save You THOUSANDS In Taxes (00:00:00)

2. Roth Conversions for W-2 Employees (00:00:39)

3. Tax Strategies and Credit Card Points (00:03:09)

4. Family Tax Strategies and Business Ventures (00:08:00)

5. Financial Advisor Selection and Retirement Planning (00:18:42)

6. Tax Strategies for Real Estate Professionals (00:24:27)

7. Business Transition and LLC Formation (00:30:51)

8. Asset Protection and Tax Savings (00:41:16)

529 episoder

#Business #Mark J Kohler #Mat Sorensen #MBA #Entrepreneur #Mark J Kohler And Mat Sorensen #Tax Strategy #Legal Compliance #Business Structure #Tax Tip #Accounting #Irs Updates #Financial Reporting #Tax Prep #Tax Reform #Estate Planning