#570 Should I Be Afraid to File a Tax Extension (Listen before April 15)
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 1 April 2025
⏱️ 68 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Privacy is different than asset protection, much like camouflage is different than a bulletproof vest. |
| 0:05.5 | You want both. I may not be seen, but if I do get seen, I've got something under that camouflage to protect me. |
| 0:10.8 | Well, the trust is part of this overall plan. We want to have an LLC to help protect you or those assets. |
| 0:17.7 | That's the number one reason for an LLC. You do it in one sheet of paper, that's not an LLC. |
| 0:23.9 | You need all the pieces of parts. |
| 0:25.6 | When you start to design the payroll portion, |
| 0:28.0 | in combination with the 401k, you find a sweet spot. |
| 0:31.3 | You start building wealth with more tax deductions |
| 0:34.3 | and less tax. |
| 0:35.4 | That, my friends, is what the power of the S corporation |
| 0:38.0 | unlocks. I am convinced that every American needs a trust and I've got four reasons why. |
| 0:52.5 | I've helped thousands of clients around the country |
| 0:54.7 | changing their lives with a structure that always involves a trust. Now what kind of trust am I talking |
| 1:00.7 | about? A revocable living trust. They are a revocable trust. You're the trustee and you can change |
| 1:05.9 | them anytime you want. They're also extremely affordable and they will be with you for the rest of your life. |
| 1:11.9 | And again, whether you're young or old, married or single, these trusts are a powerful |
| 1:15.8 | tool in your plan. Okay, the number one reason why every American needs a trust is because it |
| 1:21.0 | brings everything together. It is the foundation of your trifecta, and it's going to help you |
| 1:26.4 | build wealth and your legacy. |
| 1:28.3 | Now, I understand that tax and legal topics are not sexy, no matter how hard I try. |
| 1:33.0 | So what we've created to make it simple and understandable and exciting for our clients |
| 1:37.6 | is this visual representation we've called the trifecta. |
... |
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.

