Finally! Someone else besides me talking about adult kids filing their own taxes and get their own insurance. I am an insurance agent in AR and have been advising this same thing for years. Saves a fortune in premiums...Love the vids from you & Matt! Keep em up!
@David-iy6gh27 күн бұрын
You explained all of these things so much more in depth than anyone I’ve ever talked to
@samkeino681027 күн бұрын
Love you videos. What about a Roth IRA for your underage children out of their payments? In such a case, would they not need a 1099 or W2 and file their own taxes?
@TheSosaHouse21 күн бұрын
Im in the process of opening an LLC for digital assets in addition to moving my self directed IRA to another custodian to earn yield . I considered them separate items. i’m thinking WOW if im understanding the S-Corp benefits I can tie both of my entities together by way of a Trust ? 💡
@grupoweedland18 күн бұрын
Muchas gracias por la información sr 🤯, Yucatán México Is in da house, saludos 🫡✋ your awesome sr !!!!
@Jeroni6924 күн бұрын
One thing I don’t think i get is why not just pay them through the S corp, why add a sole proprietor?
@ampovpodcast162428 күн бұрын
I really value your channel. I appreciate all the insightful knowledge you and your team provide
@MomUschool16 күн бұрын
Love this. Side question - what app or program do you use for that white board?
@TheTruthAsISeeIt-cf2yj27 күн бұрын
Thanks Mark! I mostly appreciate your stories about how you can spend more quality time with your kids and explain some of this stuff to them. Great idea! I tried paying my minor child years ago but I ran into the issue of needing workers comp in NY. Would your strategy of categorizing as "Other Expense - Outside Labor" allow the kids to bypass workers comp since they aren't officially employees?
@yingyisun920 күн бұрын
Thank you so much
@7000islandescape24 күн бұрын
I tried to call and make an appointment to talk to someone and it took 10 days to get a call. Then they ask for 250 dollars just to speak to someone. Wow. I just have some questions about Some things. And I have to pay 250 dollars. Oh boy
@jpjohnson360225 күн бұрын
Can I book a consultation with your team … I don’t think my accountant knows about your teaching … thanks
@7000islandescape24 күн бұрын
I tried to make to call just to ask some questions. And they want a 250 dollar fee just to ask a question or 2. Ummmm why?
@bradhunt999726 күн бұрын
LOVE HOW YOU HATE THE CONSTITUTION, ESPECIALLY ARTICLE 1 SECTION 2, "REPRESENTATIVES AND DIRECT TAXES SHALL BE APPORTIONED". THAT'S WHERE IT ALL BEGINS BUT YOU DON'T. HOW COME?? LET'S JUST START THERE FOR NOW. I AM SURE YOU WON'T RESPOND TO THIS.
@stevenmorrell626526 күн бұрын
We are not obligated to pay more tax than we owe.its our duty for our family to use the tax laws and strategies to lower our tax to the extent we wish so let's not be lazy and uninformed.Mark Kohler has given away free more information on tax topics than I have seen as an accountant myself than I have seen iny lifetime.I am 82.
@user-mp4rr2gc7o19 күн бұрын
If the over 18 child has to pay 15.3% self employment tax on the 1099 income how much money are we really saving?