15 Strategies To Reduce Your Year-End Taxes IMMEDIATELY

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  • Опубликовано: 24 дек 2024

Комментарии • 29

  • @mannyahles1161
    @mannyahles1161 2 месяца назад +56

    I have been selling covered calls on my stocks and collecting premiums. Can you make a video describing how to protect assets and what strategies to use such as an LLC, s-corp, etc.

    • @TheMotionBboy
      @TheMotionBboy 9 дней назад

      If you do your options trading in a Roth IRA, you don’t have to worry about capital gains taxes on your covered call premiums or assignments.
      If you’d like to make your trading a business, you’ll want to research what’s called the Mark to Mark election and talk to your CPA about that. I hope that this helps. 🙂

  • @johnCoy-u1w
    @johnCoy-u1w 2 месяца назад +2

    Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.

  • @aussmith4751
    @aussmith4751 2 месяца назад +1

    Let's nail these year-end tax plans! Thanks for the content, information, and energy you provide in these videos. I always feel pumped after your tax strategy videos! Cheers to all the tax professionals out there!

  • @Moving.To.Charleston
    @Moving.To.Charleston 2 месяца назад +2

    Thanks Mark, there's always something I learn from you!

  • @MONROEJACQ
    @MONROEJACQ Месяц назад +1

    I always feel like I’m just waiting to see what the final tax bill will be. It would be great to have some control over it before the year ends

  • @beunkalolita
    @beunkalolita 13 дней назад

    Hi Mr. Mark, I just found your channel about and your or so ago. I got my LLC set up 9/11 but I’m still in the start up phase. I just started sourcing products and making them for my handmade skincare products. Thanks for the advice. I will check to see your content for people who are just starting

  • @canitbefixed
    @canitbefixed 2 месяца назад

    I'm doing a short term rental set up now..... glad to know this is an option!!

  • @sherryclarke97
    @sherryclarke97 2 месяца назад

    Will you address entertainment expenses? Thanks! You're the best!

  • @yournursingneighbor
    @yournursingneighbor 2 месяца назад +1

    Amazing value! Thank you so much! I have a real estate LLC but I don't qualify for REP status. I purchased a 2019 vehicle this year in my personal name. Can I/should I transfer into my LLC since I drive it for the business? I'm a sole-prop but I'll be filing S-corp for this year. Thanks! Loved your recent discussion with Justin Donald too!

  • @underqualified2527
    @underqualified2527 Месяц назад

    Thank you

  • @basilmalouf6111
    @basilmalouf6111 2 месяца назад

    Which drill company do you recommend to invest with and how risky is that? thx

  • @sbsmith
    @sbsmith 2 месяца назад +6

    I paid for the hour-long consultation. Should have just took the money and flushed it down the toilet.

    • @taxcodeadvisors
      @taxcodeadvisors 2 месяца назад +1

      Please let me know what went wrong? Did you not get the answer or desired result?

    • @adammoreno7686
      @adammoreno7686 2 месяца назад

      Their lying.

    • @mike2959
      @mike2959 Месяц назад +2

      I’d like to know as well. I’m considering using their firm.

    • @randomcitizen9909
      @randomcitizen9909 Месяц назад

      I’m sure any waste of money that there was was likely due to not having anything to work with on the side of the one who paid for a consultation.
      This stuff is exciting and a slam dunk IF you have the situation that can benefit from it.

  • @olgakrasyuk5754
    @olgakrasyuk5754 2 месяца назад

    How can we get a copy of the Power Point please?

  • @mikeockenu2383
    @mikeockenu2383 2 месяца назад

    Mark, I am in Arizona and have been following you for years now. Do you have any availability to sit with you personally?

    • @MarkJKohler
      @MarkJKohler  2 месяца назад

      Thank you for reaching out! Unfortunately, Mark is not currently taking on new clients at this time due to his demanding schedule. However, we absolutely want to be of help to you and there are a couple of options. If you are looking for legal and tax advice / a plan, please start with a consultation with one of our amazing tax lawyers at KKOS and they will help get your plan started. Connect with one of the lawyers here: kkoslawyers.com/
      For more tax prep and planning, please connect with one of our Main Street Tax Pros who are trained by Mark, speak his language, and can also process tax returns. Get connected to a Pro anywhere in the country here: taxadvisornetwork.markjkohler.com/
      Thank you so much!
      MJK Team

  • @NoQuarter01
    @NoQuarter01 2 месяца назад +1

    I have an S Corp in Texas, I grossed 126k last year and my effective tax rate was I think 23%. I feel like that’s too high. Any thoughts?

  • @CRpatriot
    @CRpatriot 2 месяца назад

    My favorite Accountant retired. I need someone who understands crypto stocks options, real estate entertainment business who do I reach out to Marc you or one of your associates please advise. I already have an S Corp.

  • @MichaelFaron
    @MichaelFaron 2 месяца назад +1

    My accountant wants me to pay myself a 50k bonus that will essentially to go next year taxes to reduce next year taxes. So it's not really a bonus, since I'm not seeing the money. any thoughts on that?

  • @hooshimani8993
    @hooshimani8993 2 месяца назад +1

    As an enrolled agent, I'm always getting a good refresher from Mark and Matt. Thanks guys!

  • @Kattyol1
    @Kattyol1 Месяц назад +1

    I always feel like I’m just waiting to see what the final tax bill will be. It would be great to have some control over it before the year ends