These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
I've experimented with a few over the past years, but I've stuck with ‘’Nicole Anastasia Plumlee” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
How is a W2 income from a job outside the Operational SCorp taxed before depositing into the RLT? Fed and State taxes paid and net income rolled in the RLT? Grayline as employee or as a consultant.
I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
My mother wanted an Irrevocable Trust to save her assets in case she needed a Medicaid facility later in life. Ultimately, she finished her life last year in a facility but we covered expenses through her IRA and cash. The sale of her home WAS taxable because of the type of trust not being eligible for “step up” protection. Lesson learned. Now I warn others of potential pitfalls of “irrevocable” trusts.
@@all-inhomestead3855 apparently, in March of 2023 the a ruling was made that “irrevocable” trusts don’t get the same treatment or benefits regarding tax advantaged status. This type of trust was selected because Mom was afraid if she eventually went into a Medicaid facility, the government would take her assets. If a revocable trust was used, we would have saved a lot in taxes on the sale of her home. My brother and I now have a K1 “bill” to be paid with 2024 taxes. We were able to get the tax bill cut in half by adjusting the cost base. They bought the house new about 60 years ago so it was a big capital gain. The base was adjusted (somehow) with my father’s passing in 2001. Long story short, be careful if considering an “Irrevocable” Trust. Ask a lot of questions.
Absolutely nothing special about this, except Mark’s ability to market. Everything he says is accurate, but it’s 100% elementary stuff used every day by any decent tax CPA working with a good family law attorney.
Joe Kennedy (JFK's Father) explained it to Will Rogers on Mutual Radio in 1925 when asked about the new progressive income tax. " (son)...Don't you know the rich don't pay TAXES; We pay SENATORS!" Joe Kennedy was "Al Capone" of Massachusetts and New Jersey in the 20's and '30's. He is known to have have 31+ men KILLED (including his brother-in-law) but never indicted for ONE crime in his life! Not even J. Edgar could touch him. At least 6 Treasury Agents sent to investigate him "disappeared".
The problem that faces small investors/ landlords is that if you have an LLC or trust in Michigan you must pay a lawyer to represent you in court. So what happens is that you end up paying legal fees for representation whenever you take a tenant to court for a judgement, eviction, or garnishment! If you have to take a contractor to court again you cannot represent yourself! Please address this issue / dilemma. Please Any suggestions would be greatly welcomed! Thank you!
Thats because they make the rules in exchange for limited liability Its no longer common law based Its uniform commercial code legal persons nit humans
When you started how much did you have to start off with? We all know you need money to make money but how much money do you need saved up to start successfully?
So, a Revocable Living Trust, an LLC, and an S-Corp are all "pass through" taxes and end up on the "owners" 1040, so, I am missing how this is tax avoidance? Say I pay rent to my LLC which is a profit to the LLC which, at the end of the year, goes on my 1040 as income which I now pay taxes on. Hmmm. I just can't wrap my head around. It might make more sense for a C corporation, but still have to pay the taxes.
Mark, apparently you have failed to actually read the Internal Revenue code. The income tax is applied only to residents of Washington, DC You need to read the definitions in the back of the IRC book. UNITED STATES and US citizen is defined as persons living within the District of Columbia. I strongly suggest you read the definitions in the IRC and follow the law as written. You may also want to review definitions in the UCC pertaining to US citizens and also Supreme court decisions.
Yes. Hopefully, more and more people are waking up to the fact that United States is a corporation located in the District of Columbia. Most everything is commercial contract statutes. That's why there are really no rights when it comes to 14th Amendment US citizens.
Are you able to answer a question here, sir? We have our LLC for real estate, and we also have an LLC that we will be using for operating expenses and any private consulting work I choose to do in retirement. And hence the question: does this structure work when the primary means of visible income for both my wife and I is SS?
How does this workout when you have to fill out a transparency form to the federal government now? To my understanding you still need to fill out one even though your LLC or s Corp or what have you would be put in a trust.
This makes no sense to me. For a regular person that just works seems just like something extra I have to worry about that really doesn’t help me. Maybe this is good for the rich.
Mark- love your videos. Thanks for producing so much quality content! Just one request. Please take the inset picture of you on screen, off. At least some of the time. I appreciate the time you take to produce those helpful graphs, and would love to see them. However, with your mug plastered all over the screen, it's hard to see what you're talking about about. Just clear the screen for at least a few seconds, where we can see what you're talking about. Then you can put your pretty face back up for everyone to admire, if you like. ;) Thanks again for your work on the content!!!
didnt hear really any tax savings plan except for avoiding a death tax with a RLT. your income from your operations are all still being taxed with what was presented.
Mark, here's what I don't get. If I get personally sued and I have a RLT that owns other LLC's, can't a judge force the RLT to assign ownership of the LLC to a creditor, especially if I am the trustee of the RLT? I'm not seeing a RLT as asset protection. So please help me understand this structure. I already have an irrevocable trust for my different assets, isn't that better?
RLT does not provide creditor protection to the beneficiary (e. g Mark himself). It's the LLC that owns the said property gives protection under the state law.
Yes and no. If you have 401k maximize it. Eventually when it's big enough you can use it to become crazy rich fast rolling it into a self directed 401k investing it into an LLC owned by a trust. The LLC buys apartments and the rental income can be set up to be pass through zero tax earnings to the 401k, which maximizes speed of growth. Eventually buy businesses etc and can implement all of this.
@@JuanGelogo if all you have is w2 income, then most of this is unavailable except for a revocable living trust and possibly some holding company to place your personal assets into owned by either a trust or even you. If the latter, the holding company may be best if setup in a state like Wyoming due to its strong privacy laws and low cost, likely using a registered agent so you can stay anonymous.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
Im an Insurance agent selling product and get 1099 income of about 100K. I also have S Corp that charges fees for consulting on government benefits for long term care with fee income of about 50K. So is the 1040 individual bookeeping done with a seperate set of quickbooks online? I have been using a CPA in the past and decided to do my own books to save money. any comments would be appreciated.
I would recommend a separate QBO account for your S Corp and your individual bookkeeping. Otherwise, you'll have a real hard time determining your net income for each business. If you have any additional questions, feel free to reach out
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
We don’t mind paying for public goods….. Only idiots don’t mind paying for merit goods…. But to each their own, please send the IRS extra money when you file.
You want to avoid taxes, but leave a legacy. Why not pay your taxes and then some, for which this goes into the community, hospitals care homes, welfare services,etc…
8m in and its gibberish who cares get to the point. The title says The Trifecta System, not us listening to your autobiography, holy hell man. Im sure your version of buy/borrow/die is super interesting, ill never know, cause I clicked off right before passing out due to WTF IS THIS BABBLING ABOUT. Get real ugh.
This guy in not talking complete bollocks. There is something useful in this somewhere. Private pension funds that can own business premises also allow you to pay rent to yourself. BUT you may not be able to borrow against assets stuck in a pension fund or trust. So you need to be able to operate without loans.
I think you are missing the entire point here because of a lack of means and education on legal strategy - it’s pretty clear to me and many others. I’m very sure of that.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
![โรงเรียนห้ามรัก โดนจับได้ตาย...!! [เอิร์นไดเม่]](http://i.ytimg.com/vi/4u02Sbr556Q/mqdefault.jpg)
Save yourself and go straight to min 8:00
Thanks
Thank you.
Thank you
Thank you very much
Thank you!!
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolioportfolio
Could you be kind enough with details of your advsor please?
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder.
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market.
I've experimented with a few over the past years, but I've stuck with ‘’Nicole Anastasia Plumlee” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Don't buy individual stocks unless you really know what you're doing.
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?
consider investment planning, learning from a well experienced advisor is invaluable
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
Could you possibly recommend a CFA you've consulted with?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Melissa Elise Robinson" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
How is a W2 income from a job outside the Operational SCorp taxed before depositing into the RLT? Fed and State taxes paid and net income rolled in the RLT? Grayline as employee or as a consultant.
I've lived in America and Canada. Paid about the same in taxes but get way more for my taxes in Canada. Most Americans hate the government (hate giving them their money even more) because they've never experienced good governance.
Like taking away your bank money because of protesting as in Canada ? Great governments over there for sure 😂😂😂😂
Only downside is all the accounting bills for the LLC yearly tax returns. No free lunch folks.
My mother wanted an Irrevocable Trust to save her assets in case she needed a Medicaid facility later in life. Ultimately, she finished her life last year in a facility but we covered expenses through her IRA and cash. The sale of her home WAS taxable because of the type of trust not being eligible for “step up” protection.
Lesson learned. Now I warn others of potential pitfalls of “irrevocable” trusts.
Can you elaborate?
@@all-inhomestead3855 apparently, in March of 2023 the a ruling was made that “irrevocable” trusts don’t get the same treatment or benefits regarding tax advantaged status. This type of trust was selected because Mom was afraid if she eventually went into a Medicaid facility, the government would take her assets. If a revocable trust was used, we would have saved a lot in taxes on the sale of her home. My brother and I now have a K1 “bill” to be paid with 2024 taxes.
We were able to get the tax bill cut in half by adjusting the cost base. They bought the house new about 60 years ago so it was a big capital gain. The base was adjusted (somehow) with my father’s passing in 2001.
Long story short, be careful if considering an “Irrevocable” Trust. Ask a lot of questions.
So is the lesson to make it a Revocable Trust like Mark said, instead of an Irrevocable Trust?
So what should she have had???
@@downhomegirl5 I’m told by her cpa that if it was a “revocable” trust, there would have been zero tax on the sale of the home.
Absolutely nothing special about this, except Mark’s ability to market. Everything he says is accurate, but it’s 100% elementary stuff used every day by any decent tax CPA working with a good family law attorney.
Missed the part about “never paying taxes again”
Joe Kennedy (JFK's Father) explained it to Will Rogers on Mutual Radio in 1925 when asked about the new progressive income tax. " (son)...Don't you know the rich don't pay TAXES; We pay SENATORS!" Joe Kennedy was "Al Capone" of Massachusetts and New Jersey in the 20's and '30's. He is known to have have 31+ men KILLED (including his brother-in-law) but never indicted for ONE crime in his life! Not even J. Edgar could touch him. At least 6 Treasury Agents sent to investigate him "disappeared".
Book?
The problem that faces small investors/ landlords is that if you have an LLC or trust in Michigan you must pay a lawyer to represent you in court. So what happens is that you end up paying legal fees for representation whenever you take a tenant to court for a judgement, eviction, or garnishment! If you have to take a contractor to court again you cannot represent yourself! Please address this issue / dilemma. Please Any suggestions would be greatly welcomed! Thank you!
Thats because they make the rules in exchange for limited liability Its no longer common law based Its uniform commercial code legal persons nit humans
When you started how much did you have to start off with? We all know you need money to make money but how much money do you need saved up to start successfully?
Enjoyed the video. Thanks for sharing
Mark, will you please put the trifecta up without your picture?
Thank you for always providing solid information.
I just wasted 10 minutes of my life… nowhere did you say anything that would reduce taxes, but you did market, most likely, needless legal fees
You clearly missed the point owning assets instead of liabilities there problem solved real estate is definitely one of the assets to reduce taxation
Business write offsets reduce taxable income. The RLT also reduces estate tax.
So, a Revocable Living Trust, an LLC, and an S-Corp are all "pass through" taxes and end up on the "owners" 1040, so, I am missing how this is tax avoidance? Say I pay rent to my LLC which is a profit to the LLC which, at the end of the year, goes on my 1040 as income which I now pay taxes on. Hmmm. I just can't wrap my head around. It might make more sense for a C corporation, but still have to pay the taxes.
Marketing to get you their consultation for money I guess? Nobody teaches this thoroughly I guess in YT.
Do I contact your law firm to get started?
How they pay their dept?
your screen is blocking the right corners of the diagrams
7 min in video didn't start yet.
The Things School Don't Teach !!!
Master Of Financial Design 🖤
Mark, apparently you have failed to actually read the Internal Revenue code. The income tax is applied only to residents of Washington, DC You need to read the definitions in the back of the IRC book. UNITED STATES and US citizen is defined as persons living within the District of Columbia. I strongly suggest you read the definitions in the IRC and follow the law as written. You may also want to review definitions in the UCC pertaining to US citizens and also Supreme court decisions.
Yes
Yes. Hopefully, more and more people are waking up to the fact that United States is a corporation located in the District of Columbia. Most everything is commercial contract statutes. That's why there are really no rights when it comes to 14th Amendment US citizens.
Are you able to answer a question here, sir?
We have our LLC for real estate, and we also have an LLC that we will be using for operating expenses and any private consulting work I choose to do in retirement.
And hence the question: does this structure work when the primary means of visible income for both my wife and I is SS?
All talk no solutions!
This is really interesting - can you explain how a W-2 feeds into an S-corp? I thought the income from W-2s was just personal income.
Speaking my language just what I was looking for! Trifecta it is do you deal with non US resident foreign investors ? Thanks again great video
How does this workout when you have to fill out a transparency form to the federal government now? To my understanding you still need to fill out one even though your LLC or s Corp or what have you would be put in a trust.
The only structure to really legally avoid income taxes if you are wealthy is offshore Private Placement Life Insurance.
Do you put your day job 401 k in an llc?
Speaking my language! THANK YOU!!!
This set up opens up your RLC to legal liabilities.
This makes no sense to me. For a regular person that just works seems just like something extra I have to worry about that really doesn’t help me. Maybe this is good for the rich.
Mark- love your videos. Thanks for producing so much quality content! Just one request. Please take the inset picture of you on screen, off. At least some of the time. I appreciate the time you take to produce those helpful graphs, and would love to see them. However, with your mug plastered all over the screen, it's hard to see what you're talking about about. Just clear the screen for at least a few seconds, where we can see what you're talking about. Then you can put your pretty face back up for everyone to admire, if you like. ;)
Thanks again for your work on the content!!!
Great video. Always something new to learn in the journey of Business.
didnt hear really any tax savings plan except for avoiding a death tax with a RLT. your income from your operations are all still being taxed with what was presented.
Mark, here's what I don't get. If I get personally sued and I have a RLT that owns other LLC's, can't a judge force the RLT to assign ownership of the LLC to a creditor, especially if I am the trustee of the RLT? I'm not seeing a RLT as asset protection. So please help me understand this structure. I already have an irrevocable trust for my different assets, isn't that better?
RLT does not provide creditor protection to the beneficiary (e. g Mark himself). It's the LLC that owns the said property gives protection under the state law.
Will an irrevocable trust work too?
I am living in the EU, can you please help me how to build this system?
@Mark just wondering if this system can be replicated in Canadian system
Does this work if you are only a W2 employee? I can't see how. It seems this only works for business owners.
Yes and no. If you have 401k maximize it. Eventually when it's big enough you can use it to become crazy rich fast rolling it into a self directed 401k investing it into an LLC owned by a trust. The LLC buys apartments and the rental income can be set up to be pass through zero tax earnings to the 401k, which maximizes speed of growth. Eventually buy businesses etc and can implement all of this.
@@JuanGelogo if all you have is w2 income, then most of this is unavailable except for a revocable living trust and possibly some holding company to place your personal assets into owned by either a trust or even you. If the latter, the holding company may be best if setup in a state like Wyoming due to its strong privacy laws and low cost, likely using a registered agent so you can stay anonymous.
Side Job LLC. Write off losses to offset W2 on your Schedule C.
Who can I contact in Phoenix for tax help approved by Mark?
what all the tools or software we need to use for daily trading?
Thanks Mark!
Great vid! I'm a fan! Hope to have this set up one day.
Don’t tell people you bought a building and then built wealth. Where did the $ come from to buy the first building and build wealth???
Perhaps debt as Robert Kiyosaki puts it
Interestingly, all this 'valuable' advice is honestly presented, in PAST tense.
Thank you!
Awesome info
I've heard that LLC can be pierced especially with rabid insurance lawyers. Wouldn't a corp be safer?
Do you help the regular Reu's out here to setup RLT's?
Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in January
I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance
She's my family personal Broker and also a Broker to many families here in the United states, she is a licensed Broker.
😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!
I'm not here to converse for her but to testify just for what I'm sure of, she's trustworthy and best option ever seen.
She is active on the
TE LE GRAM
"It could be an LLC or it could be a rental property". I've got a 2003 Toyota Corolla and I think I'm in the wrong place.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
Who is this person guiding you and how can i reach he/she?
'Sharon Ann Meny ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
love this! thank you
Revocable living Trust on form 1041 instead of form 1040
Im an Insurance agent selling product and get 1099 income of about 100K. I also have S Corp that charges fees for consulting on government benefits for long term care with fee income of about 50K. So is the 1040 individual bookeeping done with a seperate set of quickbooks online? I have been using a CPA in the past and decided to do my own books to save money. any comments would be appreciated.
I would recommend a separate QBO account for your S Corp and your individual bookkeeping. Otherwise, you'll have a real hard time determining your net income for each business. If you have any additional questions, feel free to reach out
could i do it also in EU?
You better ask Wesley Snipes about this guy first…….
I really like your videos
The only thing I hate about Mark J. Kohler is that his videos are not longer😅
Gold
if your parents were farmers, how did you grow up on main street?
He said they had small businesses, it’s an expression.
Try for two years to contact them no answer no return calls I think they are close
Love you videos, but please tell your editor to stop the cartoonish swoop sounds every time words are shown on screen. It devalues your message.
Video prompt reads "Never Pay Taxes". Not "save on taxes", "reduce taxes"... miss leading bullshit.
I’m interested in becoming a client
There a lot being said that’s nonsense…
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I agree with you. I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Burp @4:42 😅😅😅
I hate when people saying I don’t wanna pay tax.
When you don’t pay Tax, you are not gonna have army school, Social Security . Don’t be stupid.
We don’t mind paying for public goods…..
Only idiots don’t mind paying for merit goods….
But to each their own, please send the IRS extra money when you file.
Starting 8 mins is waste of time. Why such a long time for introduction
You want to avoid taxes, but leave a legacy. Why not pay your taxes and then some, for which this goes into the community, hospitals care homes, welfare services,etc…
Yeah and what else such as paying for AOCs earring projects 😂😂😂
They need to make an AI Mark J Kohler so we can ask him any questions, one on one. I Can not afford a one on one with him.
You could do that now. Tell ChatGPT to respond to your next question as Mark J Kohler, the TH-cam tax attorney……
Good luck 😅
Do not waste your 12 mins here. Or waste it in other stuff
8m in and its gibberish who cares get to the point. The title says The Trifecta System, not us listening to your autobiography, holy hell man. Im sure your version of buy/borrow/die is super interesting, ill never know, cause I clicked off right before passing out due to WTF IS THIS BABBLING ABOUT. Get real ugh.
The IRS IS GONE. IN THE TREASURY NOW
I paid $1600 and got nothing, should have just flushed down the toilet. Would have been more satisfying.
for what??
Service not what you expected @sbsmith?
This seems to be a common experience based on their law firm's online review
Save yourself and find another video
This guy in not talking complete bollocks. There is something useful in this somewhere. Private pension funds that can own business premises also allow you to pay rent to yourself. BUT you may not be able to borrow against assets stuck in a pension fund or trust. So you need to be able to operate without loans.
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information worth what i paid for it. zero
I get you’re passionate but you talk too much
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Algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm algorithm
Omg said so much and said nothing
You should watch again I believe you just didn’t fully understand 😂 😅
not paying your fair share is unfair. be not proud.
I think you are missing the entire point here because of a lack of means and education on legal strategy - it’s pretty clear to me and many others. I’m very sure of that.
Corrupt bureaucratic governments that steal our lifetime income to fund their immoral agendas and line their pockets is evil. Be not foolish
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.