#420 Open Forum | Your Questions Answered

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 9 March 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Mark and Mat in their engaging discussions as they tackle your personal tax and legal questions! Receive insightful answers to your most pressing concerns, and learn from their expertise as they provide some of the most effective solutions to your tax and legal issues. Tune in and let them help ease your worries with their informative and engaging dialogue. Don't miss out on this weeks episode of the Main Street Business Podcast. To submit a question for the next open forum show, ...

Transcript

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0:00.0	Okay, so Jason asks, I'm a high-income
0:01.9	W-2 earner. I'm over the IRA income limits, barely. I maxed out my employer's 401K, the contribution limit. Great job. I also have several side gigs, single-member LLC, so income goes much higher than the IRA rule will allow. Cannot do HSA as work insurance is low deductible. Okay, good. You're thinking through this. What else can I do for retirement?
0:22.4	Would you see a way for a private jet owner to use their plane and pilot towards their own license,
0:28.2	write off potential?
0:29.5	Would you see a way I could buy an RV and use that RV for business and still use it
0:35.1	personally and enjoy it, but yet write it off.
0:38.2	Well, yes, Arnold, you could be doing both.
0:45.8	Welcome, everyone to the Main Street Business Podcast.
0:48.5	This is Matt Sorensen, joined by the Great and Powerful Mark J. Kohler.
0:52.3	Wow.
0:52.9	Thank you so much.
0:54.0	Great and powerful. This is the Main Street Business Mark J. Kohler. Wow. Thank you so much. Great and powerful.
0:54.7	This is the Main Street Business Podcast experienced.
0:58.0	Well, today is Open Forum.
1:00.0	We love Open Forum.
1:01.0	This is the episode where we hit your tax and legal questions.
1:04.9	Get over to podcast, Mainstreetribusis.com, where you can submit those.
1:08.3	We've got a lot in the hopper, and we're ready to give some advice. Yeah, we already have about 42 questions on Alex Murdo. And so we're going to jump into the trial from last week. I'm just joking. I've been in a cave because I don't even know who that is. Don't say that. Did they kill somebody? I mean, what is this? Did they still?
1:27.5	You're killing me.
1:28.6	What is it?
1:29.1	Okay.
1:29.3	When we say pop culture, you go, yeah, isn't that interesting? Then I got your back. Can I guess who Alex Mardy is? I have no idea. It's only going to get worse. It's only going to get worse. It's only the number one show on Netflix right now. And there was a major trial last week on this.
	...

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