Welcome to the Main Street Business Podcast with your distinguished hosts, Mark J. Kohler and Matt Sorensen.

Both are bestselling authors and have over 25 years of industry experience with 10,000 client consultations,

making them the leading tax and legal experts in the nation.

Together, they'll unpack the most complex tax, legal, and financial strategies,

crucial for saving more,

stressing less, and building generational wealth. Today, they're your personal advisors.

Ready to break it down for you and make the tax and legal game easier than ever.

Here is Mark and Matt.

I think realizing you're a business owner now, your whole mindset needs to change.

And so you've got to treat what you're doing as a business from Elon Musk to Warren Buffett to Jeff

Bezos. What also are they good at besides making money? Doing it in a tax efficient way and knowing the tax

gain. You're optimizing and paying as little tax as possible because the only thing that

matters is the money you get a keep. You're not going to be an influencer forever. This is the

athlete issue. Do you know the average NFL player is six years? You have six years to make money

and set aside as much as you can. Welcome everybody to the Main Street Business Podcast. My name is Mark Collar. I'm here with Matt Sorensen. This is your holiday special.

This is your holiday special and we've got some good news and bad news, I guess. Yeah, yeah. I know. If you're making money online as an influencer or any revenue from your videos or just kind of that unique revenue

that can happen that didn't even exist 10 or 20 years ago. It's the new frontier. And a lot of

people think, oh, well, I don't have to claim that or, well, I get to write this off. Well, think

twice. And today we, I think we've got to hit some of these issues that people are not talking about. Yeah, and this is reality check time. The good news is we love that if you're making money online, you're on YouTube, you're on a social channel, you've got some products, maybe you're doing some affiliates. You've got revenue. You've got expenses. Guys, we love this. You've got a

freaking business. Sky's the limit. Your control of your own destiny. And you got some awesome tax

strategies. But people are going way too far with this. And they're getting into tax fraud or

tax evasion and not good tax strategy. There's a big difference there in between a tax strategy and what the IRS will start saying, that sounds like a tax scam.

...