I have been selling covered calls on my stocks and collecting premiums. Can you make a video describing how to protect assets and what strategies to use such as an LLC, s-corp, etc.
If you do your options trading in a Roth IRA, you don’t have to worry about capital gains taxes on your covered call premiums or assignments. If you’d like to make your trading a business, you’ll want to research what’s called the Mark to Mark election and talk to your CPA about that. I hope that this helps. 🙂
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Let's nail these year-end tax plans! Thanks for the content, information, and energy you provide in these videos. I always feel pumped after your tax strategy videos! Cheers to all the tax professionals out there!
Amazing value! Thank you so much! I have a real estate LLC but I don't qualify for REP status. I purchased a 2019 vehicle this year in my personal name. Can I/should I transfer into my LLC since I drive it for the business? I'm a sole-prop but I'll be filing S-corp for this year. Thanks! Loved your recent discussion with Justin Donald too!
Hi Mr. Mark, I just found your channel about and your or so ago. I got my LLC set up 9/11 but I’m still in the start up phase. I just started sourcing products and making them for my handmade skincare products. Thanks for the advice. I will check to see your content for people who are just starting
Thank you for reaching out! Unfortunately, Mark is not currently taking on new clients at this time due to his demanding schedule. However, we absolutely want to be of help to you and there are a couple of options. If you are looking for legal and tax advice / a plan, please start with a consultation with one of our amazing tax lawyers at KKOS and they will help get your plan started. Connect with one of the lawyers here: kkoslawyers.com/ For more tax prep and planning, please connect with one of our Main Street Tax Pros who are trained by Mark, speak his language, and can also process tax returns. Get connected to a Pro anywhere in the country here: taxadvisornetwork.markjkohler.com/ Thank you so much! MJK Team
I’m sure any waste of money that there was was likely due to not having anything to work with on the side of the one who paid for a consultation. This stuff is exciting and a slam dunk IF you have the situation that can benefit from it.
My favorite Accountant retired. I need someone who understands crypto stocks options, real estate entertainment business who do I reach out to Marc you or one of your associates please advise. I already have an S Corp.
My accountant wants me to pay myself a 50k bonus that will essentially to go next year taxes to reduce next year taxes. So it's not really a bonus, since I'm not seeing the money. any thoughts on that?
I have been selling covered calls on my stocks and collecting premiums. Can you make a video describing how to protect assets and what strategies to use such as an LLC, s-corp, etc.
If you do your options trading in a Roth IRA, you don’t have to worry about capital gains taxes on your covered call premiums or assignments.
If you’d like to make your trading a business, you’ll want to research what’s called the Mark to Mark election and talk to your CPA about that. I hope that this helps. 🙂
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Let's nail these year-end tax plans! Thanks for the content, information, and energy you provide in these videos. I always feel pumped after your tax strategy videos! Cheers to all the tax professionals out there!
Thanks Mark, there's always something I learn from you!
I'm doing a short term rental set up now..... glad to know this is an option!!
I always feel like I’m just waiting to see what the final tax bill will be. It would be great to have some control over it before the year ends
Will you address entertainment expenses? Thanks! You're the best!
Amazing value! Thank you so much! I have a real estate LLC but I don't qualify for REP status. I purchased a 2019 vehicle this year in my personal name. Can I/should I transfer into my LLC since I drive it for the business? I'm a sole-prop but I'll be filing S-corp for this year. Thanks! Loved your recent discussion with Justin Donald too!
Hi Mr. Mark, I just found your channel about and your or so ago. I got my LLC set up 9/11 but I’m still in the start up phase. I just started sourcing products and making them for my handmade skincare products. Thanks for the advice. I will check to see your content for people who are just starting
Thank you
How can we get a copy of the Power Point please?
As an enrolled agent, I'm always getting a good refresher from Mark and Matt. Thanks guys!
Which drill company do you recommend to invest with and how risky is that? thx
Mark, I am in Arizona and have been following you for years now. Do you have any availability to sit with you personally?
Thank you for reaching out! Unfortunately, Mark is not currently taking on new clients at this time due to his demanding schedule. However, we absolutely want to be of help to you and there are a couple of options. If you are looking for legal and tax advice / a plan, please start with a consultation with one of our amazing tax lawyers at KKOS and they will help get your plan started. Connect with one of the lawyers here: kkoslawyers.com/
For more tax prep and planning, please connect with one of our Main Street Tax Pros who are trained by Mark, speak his language, and can also process tax returns. Get connected to a Pro anywhere in the country here: taxadvisornetwork.markjkohler.com/
Thank you so much!
MJK Team
I paid for the hour-long consultation. Should have just took the money and flushed it down the toilet.
Please let me know what went wrong? Did you not get the answer or desired result?
Their lying.
I’d like to know as well. I’m considering using their firm.
I’m sure any waste of money that there was was likely due to not having anything to work with on the side of the one who paid for a consultation.
This stuff is exciting and a slam dunk IF you have the situation that can benefit from it.
My favorite Accountant retired. I need someone who understands crypto stocks options, real estate entertainment business who do I reach out to Marc you or one of your associates please advise. I already have an S Corp.
I have an S Corp in Texas, I grossed 126k last year and my effective tax rate was I think 23%. I feel like that’s too high. Any thoughts?
My accountant wants me to pay myself a 50k bonus that will essentially to go next year taxes to reduce next year taxes. So it's not really a bonus, since I'm not seeing the money. any thoughts on that?
I always feel like I’m just waiting to see what the final tax bill will be. It would be great to have some control over it before the year ends