#607 Open Forum — Tax Expert Answers Your Most Difficult Tax & Legal Questions!

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

🗓️ 30 January 2026

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are you making smart tax and legal decisions, or leaving money on the table without realizing it? In this episode of the Main Street Business Podcast, Mark J. Kohler tackles your toughest questions and breaks down real-world tax strategies, asset protection myths, and retirement planning mistakes that business owners and investors face every day. From selling million-dollar collectibles and avoiding unnecessary taxes, to understanding how S Corporations can impact Social Security benefits la...

Transcript

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0:00.0	In 2026, the maximum you're going to be able to get is approximately $4,100.
0:05.3	That's it.
0:06.0	Would you rather give the government $1,000 and let them invest that for your retirement?
0:10.5	Or would you rather take that $1,000 and invest it in what you know best?
0:14.8	If anybody listening is getting promoted, some sort of crazy asset protection, oh, this is what the Rockefellers did. Holy crap.
0:21.6	Run, forest run.
0:22.6	Get out of there.
0:24.6	Do not cheat.
0:25.6	You've got to go up the escalator to heaven someday too, and you don't want Peter asking you if you cheated on your taxi.
0:35.6	Welcome to the Main Street Business Podcast. My name is Mark J. Kohler, CPA attorney, and I'm here to
0:41.1	answer your difficult tax and legal questions. I know as a small business owner, it's oftentimes
0:46.6	very, very difficult to get a straight answer or an answer that you can feel confident in
0:52.2	and maybe even get a second opinion and go, wow,
0:55.5	I wasn't crazy. That was a great answer. I needed that. So I'm going to try to help you out today.
1:00.4	We've got a multitude of questions here at our Mainstreetbusiness.com platform. Please go to the
1:07.2	website and submit questions in the future if you've got one in a number of
1:11.1	categories. So check it out. I think you're going to love it. Normally I'm here with my partner,
1:15.1	Matt Sorensen. He's out on vacation right now. And a lot of times we cover for each other
1:19.3	and handle some of these podcasts individually or when we're together, it's even better. So make
1:24.0	sure you look at some of the older podcasts on the platform at iTunes or even here
1:30.3	on YouTube. And please subscribe, give us a like or two thumbs up, 10 out of 10, five stars,
1:37.1	whatever it is. Thanks. Now, let's jump to our first question. I love this one. This one's from
	...

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