#579 Tax Hacks the Wealthy Use (Attorneys Break it Down)

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

🗓️ 3 June 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen take on your toughest tax and business questions in an open forum style. From setting up the right business structure to handling a home office deduction the smart way, they give you the tips you wish your accountant and attorney actually explained. It’s smart, fast-paced advice that real Main Street entrepreneurs can put into action. Here are some of the highlights: Mark and Mat discuss the benefits and dr...

Transcript

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0:00.0	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,
0:22.5	and building generational wealth.
0:24.6	Today, they're your personal advisors, ready to break it down for you and make the tax
0:30.1	and legal game easier than ever.
0:32.1	Here is Mark and Matt.
0:34.2	I would say 80% of the time, married filing joint, you're going to save taxes too.
0:39.0	You're getting Jack Swat. You have nothing right now.
0:42.2	180 grand this year is subject to 15.3% in self-employment tax right out of the gate.
0:47.8	A smart thing to do is to focus first on the assets and who's getting them. Second, think of the tax considerations. Are there
0:56.1	any advantages to mining the Bitcoin in the LLCRS Corp? And you have any tax strategies or
1:01.1	general advice when it comes to mining Bitcoin? Any crypto mining you're doing, you're going to want
1:05.2	them. Welcome everybody to another episode of the Main Street Business Podcast.
1:12.8	Excited to be here with you today.
1:14.4	This is The People Show.
1:15.9	The People Show, where the people ask their questions, and we are the two guys just giving
1:21.1	you answers.
1:21.9	They're free.
1:22.6	It's for you.
1:23.2	But they're worth more than that.
1:24.4	At least, you know, pennies on the dollar.
1:26.4	Yeah, it's, I guess People Show, meaning it's for you, the people. Yeah. Just trying. I'm excited to be here. We are both
1:32.6	tax attorneys, been in the business now for 20 years plus doing small business consulting,
	...

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