I’m not sure if you have covered this topic in other podcasts or video’s, but I’m interested in methods for executing an NUA for employee stock held in a 401K. Some discussion items that may be of interest to your viewers may include executing an NUA in an inherited 401K, when is the best time to execute an NUA and how is this best managed to maximize tax benefits characterizing as capital gains instead of ordinary income..
What about Fleischer v Commissioner for the Licensed Professional (you said realtor) that is 1099 in personal name then try to "reassign" income to S-Corp. That court case said LP has to claim income on personal tax return since the person earned the income. They are not allowing income to flow to S-Corp. I would love to do as you said, we have in the past, but stopped due to this court case??
Mark, thanks for addressing the 1099s being pushed through our entities. So on the CPA firm, we can no longer use your firm? We have to go to a CPA who's Kohler certified now?
Quick Question: When it comes down to "Alternative Treatments and Protocols" that don't follow the allopathic medical path, are these treatments potentially non reimbursable, or not allowed to be written off due to their nature. For example, Supplements, Health and Spiritual Retreats, and other forms of treatments that go down this path?
Hi guys, when you own multiple properties and have a separate LLC per each property and then a holding company... Instead of carrying around all these separate credit cards for the properties, can I just utilize one card for the holding company and allocate the receipts to the LLCs they go to? I filter the money from each account we set up for each property to have a direct deposit into those accounts and then those accounts pay the Holding company's credit card as needed. Is this ok? Much appreciated!
Matty, To get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR if you want to get set up with one of our amazing Tax Advisors to dive further into your questions, please head to markjkohler.com/tax-advisor-network/ - thank you!
Can I put Money in a TRUST and upon my Death the Funds don’t get touched until my (now 25year old Daughter) becomes 60!? I want her to be forced into understanding Compounding!
I have an HSA and love it!
HSA is so underrated. Can even fund it if your a kid on your parents HDHP with as I was at 24 in college working part time.
I’m not sure if you have covered this topic in other podcasts or video’s, but I’m interested in methods for executing an NUA for employee stock held in a 401K. Some discussion items that may be of interest to your viewers may include executing an NUA in an inherited 401K, when is the best time to execute an NUA and how is this best managed to maximize tax benefits characterizing as capital gains instead of ordinary income..
What about Fleischer v Commissioner for the Licensed Professional (you said realtor) that is 1099 in personal name then try to "reassign" income to S-Corp. That court case said LP has to claim income on personal tax return since the person earned the income. They are not allowing income to flow to S-Corp. I would love to do as you said, we have in the past, but stopped due to this court case??
Mark, thanks for addressing the 1099s being pushed through our entities. So on the CPA firm, we can no longer use your firm? We have to go to a CPA who's Kohler certified now?
When are you guys gonna start talking and reaching us about depreciation ??
Quick Question: When it comes down to "Alternative Treatments and Protocols" that don't follow the allopathic medical path, are these treatments potentially non reimbursable, or not allowed to be written off due to their nature. For example, Supplements, Health and Spiritual Retreats, and other forms of treatments that go down this path?
Can I add to HSA if I have Health Insurance through work?
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
Hi guys, when you own multiple properties and have a separate LLC per each property and then a holding company... Instead of carrying around all these separate credit cards for the properties, can I just utilize one card for the holding company and allocate the receipts to the LLCs they go to? I filter the money from each account we set up for each property to have a direct deposit into those accounts and then those accounts pay the Holding company's credit card as needed. Is this ok? Much appreciated!
Matty,
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR if you want to get set up with one of our amazing Tax Advisors to dive further into your questions, please head to markjkohler.com/tax-advisor-network/ - thank you!
Does depreciation expense reset when you inherit a property and get the stepped up basis?
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
Can I put Money in a TRUST and upon my Death the Funds don’t get touched until my (now 25year old Daughter) becomes 60!?
I want her to be forced into understanding Compounding!
Anyone have trust info???