#613 Open Forum — Kids’ Trump Accounts, Real Estate Taxes, and Growing Your Business

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

🗓️ 13 March 2026

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this Open Forum episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen answer real questions from business owners about taxes, investing, and scaling a successful company. From the brand-new “Trump accounts” for kids to real estate tax strategies and smart ways to grow your business, this episode breaks down complex financial topics into practical advice you can actually use. They explain how parents might use Trump accounts to create long-term wealth for their kids,...

Transcript

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0:00.0	So many clients approach this in the wrong way. They hate paying tax more than they're like making money.
0:04.9	Should I form an LLC and transfer the farm into the LLC prior to the sale? An LLC does not change
0:11.0	the strategy. In fact, it could hurt. Let's say you bought it for $100,000 and now the real estate's worth
0:15.9	a million bucks. There's a $900,000 capital gain. You are not going to rent this building to your freaking business.
0:22.8	You're sitting on a gold mine here that might turn into a silver mine.
0:26.2	So be careful.
0:33.6	Welcome everybody to the Main Street Business Podcast.
0:36.2	My name is Mark Kohler.
0:37.1	I'm here with the amazing Matt Sorensen, my co-host on the Open Forum Show for Main Street business owners around America to talk about tax, legal, finance, and scaling, exit, whatever.
0:49.6	As tax lawyers, Matt and I have met with thousands of clients over our careers, written several books, and we just
0:55.2	love being here with you talking about these topics. And we've got a bunch of good questions today.
1:00.8	Matt, you ready to roll? This is it going to be good?
1:03.2	Yeah, I'm ready to rock and roll. These questions come from the Main Street Business Podcast website,
1:07.5	which is Mainstreambusinesspodcast.com. You can ask your questions there.
1:11.8	It's also cool to see what other people are asking.
1:14.0	Other people trying to grow and build wealth, use great tax and legal strategies,
1:18.1	thinking about their estate, their legacy, their business, their investments.
1:21.7	It's all coming together in an incredible episode of the Mainstream Business Podcast.
1:25.4	So I'm ready to rock a knoll.
1:27.7	I got a question from Gator Dave 2000.
1:30.3	What's that handle again?
1:33.0	Gator Dave 2000. How do we not start with Gator Dave?
	...

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