How To Take Charge Of Your Tax Plan—Why You Need To Know More Than Your CPA

The Art of Passive Income

Mark Podolsky

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5 • 681 Ratings

🗓️ 13 June 2019

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark J. Kohler—C.P.A., J.D. joins us on today’s show to share some major tips on taking control of your financial strategy. Mark is a best-selling author; national speaker, radio show host, writer and video personality for Entrepreneur.com. He is a senior partner in the law firm, Kyler, Kohler, Ostermiller & Sorensen, and the accounting firm of Kohler & Eyre, CPAs. He is also a real estate investor and a personal and small business tax and legal expert. Mark helps clients build and protect wealth through wealth management strategies, and business and tax remedies often overlooked in the challenging, ever-changing economic climate. Listen in as Mark throws down the tax facts as it applies to land investing. We delve into: Choosing the right categorization and where to use those profits Opportunity shifting The 2 land investing camps and where you belong—Passive or dealer Installment sales The huge benefits of hiring your children Self-directed IRAs And, so much more!!! Roll up your sleeves and get ready to take control of your financial planning on today’s episode of The Art of Passive Income! TIP OF THE WEEK Mark: Learn more about Mark at MarkJKohler.com. His website is a treasure trove of information. Scott: Check out the book, The CEO Next Door: The 4 Behaviors that Transform Ordinary People into World-Class Leaders. Mark Kohler: I want to challenge all of you to set up a self-directed IRA this week. To get a self-directed custodian, email [email protected] and I can send you 3-4 contacts. Think outside of the box and open a self-directed custodian account this week, work on getting an LLC structure and do a land deal before the end of the year in your IRA LLC. Plus, sign up for Mark’s newsletter and get the eBook, The Top 10 Tax Saving Secrets Everybody Needs to Know. And, don’t forget to check out his podcast at RefreshYourWealth.com. Isn't it time to create passive income so you can work where you want, when you want and with whomever you want?

Transcript

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0:00.0	Do you have solo economic dependency? That is, if you aren't working, you aren't making money.
0:06.6	The Art of Passive Income Podcast is the solution. Discover passive income models so you can enjoy life on your own terms. Let freedom ring.
0:17.7	Hey, it's Mark Panosk, the a land geek for their favorite niche real estate website,
0:22.3	www.w.w.com. And I'm really excited for today's guest because he's kind of a big deal.
0:30.8	And it's one of my favorite subjects because a lot of people don't realize that typically for people
0:37.1	and businesses, their biggest expense,
0:39.5	if they're doing it right, is taxes. And our guest today is going to talk all about
0:45.0	different areas of tax savings and just cool stuff. But before we talk to our guest,
0:50.9	I'd be remiss if I didn't properly introduce my co-host,
1:01.6	Six Sigma, you know him, you love him. Scott Todd from Scottod.netlandmodo.com.
1:06.0	And most importantly, you're not automating your Treggs list and your Facebook postings,
1:12.5	postingdomination.com forward slash the land geek. Todd, how are you? I'm good, Mark. How are you?
1:19.7	I'm great. I'm great. I just want to remind the listeners today's podcast is sponsored by geekpay.io and forget them to automate getting paid from your borrowers. Get your first note free at the landgeek.com forward slash
1:29.6	geek pay. Let's talk to our guest, Scott. Are you ready? I'm ready, Mark Kohler, CPA, JD, is a best-selling
1:39.3	author, national speaker, radio show host, writer and video personality for entrepreneur.com.
1:46.0	He's a real estate investor.
1:47.5	He's a senior partner in the law firm, Kyler, Oster Miller, and Sorenson, and the accounting
1:52.6	firm of Kohler and Ear CPAs.
1:55.7	Mark is a personal and small business tax and legal expert who helps clients build and protect wealth through
2:02.0	wealth management strategies and business and tax remedies often overlooked in the challenging,
2:07.8	ever-changing economic climate. Let's face it, he's the smartest guy in the room. Mark Kohler,
2:13.1	how are you? Well, I don't know about that. Thank you for having me stoked to be here. It's an honor.
	...

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