Great show. Loved the one about being able to apportion some moving expenses to home office. You've got some smart viewers. Or maybe you're successfully teaching us grasshoppers how to think outside the box. I hope you get better.
If i am working remotely (expat) in another country what are the tax implications? Would I still only pay normal US taxes. I thought about living abroad to save in high rents in the usa. And tax write off on living.
Mark and Mat, I thought the Roth employer match goes into a traditional type account and is taxed at ordinary when distributed. Can you guys clarify? Thank you!
I got my LLC on 7/18/22 this year and filed the irs form 2553 form for s-corp. Could I be taxed as a s-corp for the full 2022 or only beginning on 7/18?
Btw, the cough was triggered by the milk actually. Milk is mucus-forming. Lemon juice mineral water with Manuka honey would’ve served u better. Or hot tea😬
Mark can You and Matt address "U.S. Senate Democrats are finalizing a plan to close a tax loophole used by many companies, and they want to use those revenues to shore up the government-run Medicare healthcare program for the elderly and disabled, sources familiar with the discussions said on Thursday. Democrats expect to submit legislative text to the Senate parliamentarian in coming days, said one source, who asked not to be identified in order to discuss the private negotiations.
It’s a loan to the company in the “Maco” example. Not only is it a loan it’s a 10% interest as well. So the 1st 5K is startup, after that it’s a loan to the LLC at whatever % you want to make it. No. I would not start business prematurely to hit a write off etc… Understand that a business owner THINKING of his business is a write off.
Great to hear your better!
Thank you Mr. Kohler, I love America too
Great show. Loved the one about being able to apportion some moving expenses to home office. You've got some smart viewers. Or maybe you're successfully teaching us grasshoppers how to think outside the box. I hope you get better.
If i am working remotely (expat) in another country what are the tax implications? Would I still only pay normal US taxes. I thought about living abroad to save in high rents in the usa. And tax write off on living.
Thank you!! You two are a wealth of information!!
Does a solo 401k have to be formed with an sLLC? Can I start an s401k with my LLC prior to s election?
CA Prop 19 _ is there any strategy to minimize prop taxes - claim farm? Split ownership? 1031?
Mark and Mat,
I thought the Roth employer match goes into a traditional type account and is taxed at ordinary when distributed. Can you guys clarify? Thank you!
I got my LLC on 7/18/22 this year and filed the irs form 2553 form for s-corp.
Could I be taxed as a s-corp for the full 2022 or only beginning on 7/18?
Btw, the cough was triggered by the milk actually. Milk is mucus-forming. Lemon juice mineral water with Manuka honey would’ve served u better. Or hot tea😬
Love your stuff, Mark, keep it coming. When is your next book coming out?!
Mark can You and Matt address "U.S. Senate Democrats are finalizing a plan to close a tax loophole used by many companies, and they want to use those revenues to shore up the government-run Medicare healthcare program for the elderly and disabled, sources familiar with the discussions said on Thursday.
Democrats expect to submit legislative text to the Senate parliamentarian in coming days, said one source, who asked not to be identified in order to discuss the private negotiations.
It’s a loan to the company in the “Maco” example. Not only is it a loan it’s a 10% interest as well. So the 1st 5K is startup, after that it’s a loan to the LLC at whatever % you want to make it. No. I would not start business prematurely to hit a write off etc…
Understand that a business owner THINKING of his business is a write off.