#508 Accountant Q&A: Tax Advice The IRS Wants You Ignore
Main Street Business
Mark J Kohler and Mat Sorensen
4.8 • 584 Ratings
🗓️ 17 June 2024
⏱️ 41 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm not upset. I'm not saying you did anything wrong, but I want to see what's going on. |
| 0:05.7 | This is what happens to my crypto when I pass. Don't think you're ever going to get away from managing the prep. |
| 0:11.2 | Please do not try to pull the trigger online and think it's the easy way to go. The IRS catches these all the time. |
| 0:17.1 | Stop the bleeding now and the pain now and doing it wrong now. So many people think I can set |
| 0:21.2 | a charity, get a right off, and then still benefit from the charity. Invest in real estate |
| 0:25.5 | because you'll save taxes. That's not why you invest in real estate. There's a lot you can |
| 0:29.6 | reduce this tax. Holy crap. Throw down a dollar to save 10. It's okay. |
| 0:43.1 | Welcome everybody to another episode of the Main Street Business Podcast with yours truly Mark Kohler and the amazing Matt Sorensen. |
| 0:44.9 | We're excited to be here with you today. This is our People Show. This is the open forum. |
| 0:49.7 | This is the people show. Your questions, our answers. I think they're going to be pretty great today. |
| 0:53.6 | Yeah, we've got a lot of good questions here. For those that haven't submitted a question before, you can go to Mainstreetbusinesspodcast.com, submit a question. We don't get to all of them. And I'm sorry, we're not like some of the podcasters out there that do two or three hours a day. We do one hour a week. We're actually real business lawyers working and actually helping clients too, we're running businesses. |
| 1:14.5 | But, uh, hours a day. We do one hour a week. We're actually real business lawyers working and actually |
| 1:12.4 | helping clients too, we're running businesses. But some of you I can say on these questions, |
| 1:16.9 | you need a console. Yeah. But we want to get everyone down the right direction. I think this show is |
| 1:23.2 | so popular because people like hearing other people's questions and it kind of sparks your |
| 1:27.3 | mind about |
| 1:27.8 | I didn't think about that. Maybe I should be asking that question. So a lot to learn in here. I always learned from Mark's answers and a lot of these. So let's just dive in. Yeah. You know, there's just short. Yeah, there's so many here too. And I'm loving them. So we're going to, we'll try to do rapid fire as much as possible. Do you have one? I know you're |
| 1:44.3 | there playing around. Okay, you go. All right. This is from Search Dog. Search Dog asked a couple of |
| 1:50.0 | questions, and I'm going to throw one in about an inheritance. So I'll scot one about property |
| 1:53.8 | and LLC. It says regarding inheritance, if someone is about to receive a large inheritance |
| 1:58.1 | from an overseas investment, can the tax on the inheritance be reduced? |
| 2:03.3 | If so, how? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Mark J Kohler and Mat Sorensen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Mark J Kohler and Mat Sorensen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

