The question from Josh is about Novatech, which I am also in and it does indeed pay profits every Friday of about 3% from crypto trading done by the company, which is its own broker. Based upon what I learned from you guys, I set up a back door Roth IRA and set up an LLC to trade cypto, opened a crypto trading account funded from my LLC, and then funded my Novatech account from my crypto trading account. Thanks to you guys I don’t have to worry about paying taxes on my profits, which grow pretty fast at 3% a week, especially when I am compounding my account every week!
Regarding the guy in Thailand, he would qualify for the section 911 FEIE which would wipe out about 140k or so in come from a US perspective. Therefore he would not have any qualifying income for ROTH. He would only face SE taxes but the S Corp is bad for him anyway. So he needs to get rid of the S Corp. Watch for Thai taxes which are triggered by remitting income in the year in which it is earned.
I need help with tax advise. where to contact to please? me and my husband have LLC small business and day jobs too. have 2 sons who I want to roth Ira for their future. I want to have a trust. I been following you and listening you but I need to focus on my specific case. your guidance is appreciated.
Hey! Thanks for reaching out, you're in the right place! The Comprehensive Tax and Business Consult would benefit you greatly! If you reach out to my assistant Emily at emily.delarosa@kkoslawyers.com or (888) 801-0010 ext. 2065 she can get you scheduled for a consultation!!
Mark, Great show, So can I use an existing LLC for Etsy sales? This LLC was originally created for Real estate. Should I just use Etsy sales as DBA inside of LLC?
Love your channel and content!! But I would like to know your views on Land Trusts. Should I get a land trust or LLC for my rental property that has a mortgage? I searched your channel for some content but can't find any. You are my first "GO To Guy" when I need info on these type of things. Was hoping that you made a video on Land Trusts! Thank you!
Hey Erin! That's GREAT to hear! If you reach out to my scheduling assistant Emily at emily.delarosa@kkoslawyers.com or give her a call at (888) 801-0010 ext. 2065, she will personally take care of you! I will let her know that you're reaching out!
Can you please explain me difference between revocable living trust and irrevocable living trust. Which option is better in which situation. How can I get all my real estate and term and whole life insurance into it. What are the tax complications on year to year basis and while passing on to kids
Starting up a business consultant company. What would you recommend the gross be before becoming an s corp? Income is residual income and service based, some sales. Thanks
Hey, great question! Here is a blog article that I wrote about this: markjkohler.com/when-to-use-an-s-corporation/ Go to the section "When to Use an S-Corp" item number 3.
Hey Louis! I am so sorry that happened! If you would please reach out to my assistant Emily at emily.delarosa@kkoslawyers.com or (888) 801-0010 ext. 2065, she will take care of you!
Hello Mark, thank you for the great videos. I am 67 y.o., still working full-time as a sole proprietor, and am looking for a CPA. Could you please help me?
Yes, we can help you! Please email my assistant at kirbi@markjkohler.com and she can help you get directed and set up with a consultation with our firm. Thank you!
@Mark!! I have my consult with your attorney in 45 minutes! SO EXCITED!!
Good morning guys!
Can you please do a info video on how the IRC 168 100% Truck Tax Credit works?
The question from Josh is about Novatech, which I am also in and it does indeed pay profits every Friday of about 3% from crypto trading done by the company, which is its own broker. Based upon what I learned from you guys, I set up a back door Roth IRA and set up an LLC to trade cypto, opened a crypto trading account funded from my LLC, and then funded my Novatech account from my crypto trading account. Thanks to you guys I don’t have to worry about paying taxes on my profits, which grow pretty fast at 3% a week, especially when I am compounding my account every week!
Regarding the guy in Thailand, he would qualify for the section 911 FEIE which would wipe out about 140k or so in come from a US perspective. Therefore he would not have any qualifying income for ROTH. He would only face SE taxes but the S Corp is bad for him anyway. So he needs to get rid of the S Corp. Watch for Thai taxes which are triggered by remitting income in the year in which it is earned.
I need help with tax advise. where to contact to please? me and my husband have LLC small business and day jobs too. have 2 sons who I want to roth Ira for their future. I want to have a trust. I been following you and listening you but I need to focus on my specific case. your guidance is appreciated.
Hey! Thanks for reaching out, you're in the right place! The Comprehensive Tax and Business Consult would benefit you greatly! If you reach out to my assistant Emily at emily.delarosa@kkoslawyers.com or (888) 801-0010 ext. 2065 she can get you scheduled for a consultation!!
😅 Oi😅😢o
Mark,
Great show,
So can I use an existing LLC for Etsy sales?
This LLC was originally created for Real estate.
Should I just use Etsy sales as DBA inside of LLC?
Love your channel and content!! But I would like to know your views on Land Trusts. Should I get a land trust or LLC for my rental property that has a mortgage? I searched your channel for some content but can't find any. You are my first "GO To Guy" when I need info on these type of things. Was hoping that you made a video on Land Trusts! Thank you!
Paul, thank you for the support! To get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
Hello can you recommend any personal lines of credit that you can qualify for with just bank statements and no tax returns? Thanks!
Man I gotta figure out how to get my questions answered 🤔
I’d like to schedule a full gamut of services with you (trifecta, Roth conversions, solo Roth 401k, business & income tax, etc)
Hey Erin! That's GREAT to hear! If you reach out to my scheduling assistant Emily at emily.delarosa@kkoslawyers.com or give her a call at (888) 801-0010 ext. 2065, she will personally take care of you! I will let her know that you're reaching out!
Hey guys, love the videos!!! Should we be worried about the IRS coming after Roth funds that have more than 20k in them?
Can you please explain me difference between revocable living trust and irrevocable living trust. Which option is better in which situation. How can I get all my real estate and term and whole life insurance into it. What are the tax complications on year to year basis and while passing on to kids
Hello!
Starting up a business consultant company. What would you recommend the gross be before becoming an s corp? Income is residual income and service based, some sales. Thanks
Hey, great question! Here is a blog article that I wrote about this: markjkohler.com/when-to-use-an-s-corporation/
Go to the section "When to Use an S-Corp" item number 3.
I was calling the number you provided and no one picked up.
Hey Louis! I am so sorry that happened! If you would please reach out to my assistant Emily at emily.delarosa@kkoslawyers.com or (888) 801-0010 ext. 2065, she will take care of you!
Hi mark, I got scammed out of some Bitcoin, how does it affect me tax-wise?
Hello Mark, thank you for the great videos. I am 67 y.o., still working full-time as a sole proprietor, and am looking for a CPA. Could you please help me?
Yes, we can help you! Please email my assistant at kirbi@markjkohler.com and she can help you get directed and set up with a consultation with our firm. Thank you!
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