Don't Get Audited with these 10 Tips - IRS Is Coming

passed the inflation reduction act whatever the heck that means but there was 80 billion dollars to double the size of the irs 87 000 plus new irs agents i don't know where they're going to get them but when they show up we got a big concern and that is audits are going to be increasing you've got to be on your game making sure you're you're the quarterback with your tax professionals maybe you're prepping your own returns you gotta i've got 10 tips 10 tips i'm going to hit them hard i'm going to give them to you fast and we're going to talk about how to avoid an audit now for those that are present during this live broadcast i'm going to be giving away one of my kick-ass books every three frickin minutes no don't don't text and go blow hey i want a free book those are annoying we're gonna you know just choose random winners it's all good also a little consumer and alert here any posts there that have my face or anybody's face that's talking about some damn bitcoin thing avoid it ignore it they're bots it's a scam stay away just look at the core comments today i'm gonna kick butt i've got a description down there in the description i've got a article on 10 ways to avoid an audit so if you want to read it tonight if you can't sleep you pull that baby out i promise you it'll knock you out okay so we're gonna have fun here it's gonna be rockin i got my rockstar everybody hear this okay this is this is a live it's gonna be bam little rock good that's does that sound good so good um was paying for my sponsor all right now because i'm a rockstar accountant and we're going to kick ass okay number one way to avoid an audit people we are eight weeks away from october 15th now some of you may have filed your tax return six months ago god bless you others like me join the club we have not filed our tax return yet now filing an extension reduces your chances of an audit not filing your tax return by october 15th puts a target on your back make sure you file and so you've got mark i don't have enough money to file this year i made too much last year i didn't make deposits what file you this is like you going on a date you know you got this hot new boyfriend hot new girlfriend and you're like chatting up and then you ghost them what happens your car gets keyed you don't want that the irs hates to be ghosted they do not want to be ghosted they want to know what the hell is going on so you've got to file your tax return let the iron ocean irs know you're alive and well if you owe them money there's plenty of time to work out a payment plan figure that crap out but the number one way to get audited is not filing your tax return so be on it eight weeks from now october 15th be on it okay number two way you're to get audited now this goes down the small business route too because i want all of you to have a side hustle i want you making money driving uber selling crap on ebay on etsy affiliate fees making money as a consulting deal 10.99 here 1090 10.99 people that's how we build wealth is we got a little side hustle going right so when you report that make sure you fall make sure you don't put in round numbers you know like i had 400 in technology costs who has 400 dollars in technology i couldn't even try to spend four hundred dollars it's gonna be 402.85 right whatever the hell it is do not use round numbers whenever you're reporting your taxes even if you're doing mileage don't say i drove 2000 miles for business how in the hell are you going to drive exactly 2 000 miles in business so don't use round numbers use the best numbers maybe if you're gonna use a unique number round down i'm not saying ever ever lie and round up that's how in an audit you get in trouble now i'd love you to have receipts i love you have quickbooks and some good excel spreadsheets tracking your real crap but sometimes you gotta estimate and come up with a close number round down don't get in trouble with the irs and don't use round numbers all right number three i'm going to choose some of my best ones here okay number three don't inflate the home office deduction i want all of my clients to take the home office deduction home office is a great freaking write-off even if you just have rental properties i've got articles on this just go to youtube and type kohler home office and i've got and go on google and i've got articles there too home office is not going to get you an audit taking too big of a home office gets you into problems there's this case in san francisco it was awesome it was like five six years ago this woman was doing as a tattoo artist said i'm taking the home office she did tattoos out of her apartment and everybody you know used to sing and use the bathroom and that so she wrote off 80 percent of her apartment her apartment is home office well the irs is like you got to live there you got a bedroom you got this you got that she got out of they trimmed it down to about 35 which i thought was still pretty generous but folks just don't overdo it take the home office but don't overdo it and i've got all sorts of videos and tricks and strategies on that now we're in two to three minutes i'm giving away a damn book i'm giving away the tax and legal playbook oh this is a desktop reference i love this book i'll sign it for you it's got 32 different chapters independently there to help you rock your american dream who's my winner come on talk to me chan lee did you want to say that a little more clearly so they get that's going to be chan lee chan lee that's their handle all right now if any of you win a book you've got to email diane that's you diane right that is i okay i a n e j kohler dot com oh you're so adorable d-i-a-n-n-e at rj kohler.com she's my customer service director she's great diane will send you this book so chan lee get on it all right the next tip this is regarding 1099s some of you may be getting a 1099 because you're a consultant or someone did you did some work for someone or you might be hiring someone in your business and you want to pay them under the table or they want to get paid under the table you pay someone under the table you're not getting a write-off you got to issue your freaking 1099s it's a bit a big audit risk now the irs is sick of under the table crap so issuing 1099s is critical and um i've got articles on that one of my most viewed articles is the 1099 rule so if you type kohler how to issue 1099s or kohler 1099s there's a great little article maybe as i'm saying this guys you can pull those right off my blog let's throw them in the description right can we do that okay so there's a good uh good one sir yes sir let's go all right man and i'm gonna see if there's a question that just really gets me excited here don't inflate the home office deduction love it todd freaking in the live you guys are getting into it i love it okay all right let's rock and roll okay my next one to avoid a off an audit is getting excessive with another write-off that i love and that's dining and travel now let's just say you made 10 or 20 grand last year in your little side hustle don't try to write off 10 or 15 grand in dining to travel now if you brought in 100 grand i might write off 10 or 15 grand of dining and travel make sure that your write-offs look balanced with the amount of income you got coming in if you made three million last year you might be writing off a jet if you made 13 grand last year we might write off two grand in dining so let's just be cautious don't overdo it it's another write-off that just freaks me out when you do too much another way to get an audit some of you are going to get a letter in the mail from the irs we call these line item audits the line item audits what i said there okay so the irs is kind of like what the hell is going on here you know we need some answers here don't ignore those letters i've had clients come to my office and go you know i've gotten letters from the irs for about four months and okay this is goes back to ghosting the irs when they send you letters respond because they get pissed when you ignore them now here's a little big tip i don't want to say little the irs will never ever ever ever call you on the phone if you get a phone call from the irs it is a scam now you don't want to go at them and fight with them because you never know what a scammer might do with your identity or who knows what just say oh thank you i'll take that under advisement gotta go bye do not think that the irs will ever call you they send you letters and then you call them and you want to call them you want to go oh i'm sorry i'm filing my tax return or yeah i want to get on a payment plan help me please please so whenever the irs reaches out it will be via mail and make sure you respond okay next tip and then we'll give away another book here um i'm gonna go with schedule c as in charlie schedule c if you're making 10 20 maybe 30 grand in your little side hustle you're writing off dining and travel and home office computers electronics all those goodies that's great but once you start netting over 30 grand a year meaning you maybe bring in 50 right off 20 it's all good you're making around three grand a month you want to be switching over to the s corporation going from an llc to the s corporation when you're in s we're saving more taxes and you reduce your chances by 1500 15 times less chance of an audit now you're going to spend a grand doing an s corp return but we're going to save three four five times that in taxes that's how we want to work it um you know what i'm feeling it i think i might go to the i might i might go whiteboard can we do it can we go whiteboard calling an audible this is what peyton manning would call omaha omaha i'm going i'm going audible i'm going audible you're going audible okay gentlemen people you got to know the trifecta and this is about your master plan and the trifecta looks like this it is let's see where i'm right in here perfect there we go that's your foundation that's your revocable living trust or your 10 40 that's your tax return now everything flows down like water flows downhill we're going to flow it down and it your life's going to be split into two sides we're going to put your assets over here and we're going to put your ops over here this is where operations would be your little side hustle that you start out as a little llc that's your side hustle and some of you are already and you're gonna or graduate to the s corp you can take your llc and just make an s election name doesn't change ein doesn't change then you're doing a w-2 and a k-1 and you're saving taxes out the butt you're gonna love it so freaking awesome over here you're just taking draws you're just taking drugs now i've got so many different tax write-offs that we'd love to talk about but your operations are on the left your assets are on the right see assets over here might be rentals investments things like that and you're gonna have an llc here's the trifecta the trust owns the llc the trust owns your business the truster 1040 is your base so you got base assets operations that's your trifecta and we want to keep a firewall between your assets and your operations boom bank okay i'm giving away a book i'm gonna give away the business owner's guide to financial freedom because all of you here better be a freaking business owner let's take me off the whiteboard for a minute and diane who's my winner on this one marga marga marga that's the handle m-a-r-g-a m-a-r-g-a okay marga you're gonna email diane at mark jaycoler.com i'll write that since the whiteboard's up i'll finish that let me if you're if you win a book you're going to email diane d-i-a-n-n-e at mark j kohler.com okay let's see if they've got a good question in there and maybe we'll do that real quick uh how long will they allow for payment plans todd okay if any of you let's go off the whiteboard okay if any of you get into a problem or you haven't paid the irs there's a variety of ways to deal with it the first thing is most of the time in the first 60 to 90 days you can tell the irs i'm gonna make a payment right away and and if you can wrap it up within 60 to 90 days put it on a credit card borrow money from family trust me you don't want the irs hanging around so if you can get the money somewhere else do something illegal whatever it takes pay the i that was a joke pay the irs get them off your back and they'll do that over the phone it's really just kind of like pay us by this day send in the payment send it to me send it the you're going to go into what's called collection status and you're going to get an agent that's going to be working with you to just get your money now let's say you're like mark i don't have the money within the first 60 90 days in which we're talking about kind of like christmas january of next year then you can get on with a five-year payment plan that's typically the the deal and based in on the threshold of how much you owe it may not even show up on your credit it's just an automatic irs says oh fill out this form and you get on payment plan so you got a car payment for the next five years until you get rid of that year now you've got to stay current with what you currently owe in order to keep the payment plan going now i've got some articles um out there and this is guys one to pull from my blog what if i can't pay the irs i got a great article on that and i go through all the options of what to do if you can't pay the irs so check that out todd great question um i thought mark j kohler was really talking to me scammers are out there oh lily what are you talking about i don't know sorry i would not okay i what i was saying about scammers is be careful of anybody doing some sort of crazy bitcoin ad in there and that wasn't you lily i'm sure okay all right let's see what else we got here i can't scroll so i'm going to leave it alone and i'm going to go to another tip on avoiding an audit here's the thing that i really think is critical about avoiding an audit is if you don't know what you're doing don't file your own tax return i know you want to save a few bucks and you're thinking i'm going to go turbo or tax slayer and that's great they're great programs but if you don't really kind of have a good feel of what you're doing and you're not reading my books and you're hanging out and getting all geeky with me on taxes just pay a preparer now i'm building a new network of tax preparers around the country that are mark kohler tax freaking certified you know that's going to be happening this coming year and i can hook you up with some people around the country and my eas out there that are watching my tax preparers my cpas i oh i've got a program coming out that to help you get dialed in every strategy i've ever thought of and the team that i work with that are so freaking smart we're going to have that ready for you but in the meantime people listen to the podcast study before year end i'm going to probably do two to three webinars on just year-end tax tips my workshop that i'll be doing in phoenix at the year end it's i think it's december first and second or for the november 30th and no december second and third i'll be doing a live broadcast of every tax tip i know tune in and then get ready and if you're going to prep your own return deal with it if not find a preparer that is creative and if you want to avoid an audit just do it right you know what i'm saying that's that's obviously a pretty straightforward tip but we gotta talk about it okay um all right i'm gonna hit chase's question my s corp doesn't get a home office deduction correct however it would pay me the homeowner rent correct ooh chase now this is a great comment in my article on home office i have a section for s-corp owners so let's go to the whiteboard let's hit it here for chase okay everybody so if i'm here let's go to our trifecta pretty straightforward we got a whiteboard there we go okay so there's my trifecta if you're doing home office deduction you're gonna take it over here on schedule e for your rental property or schedule c for your side hustle but for for chase out there he's got an s corporation well corporations don't have homes they're a freaking corporation they've got chase over here he's the owner shareholder and w-2 employee so what we do is a rent reimbursement it's as if chase is saying hey i'm going to let my home office be used by this corporation and they're going to reimburse me and you're going to come up with a number that would be similar to the home office deduction a good account is going to create some little work papers and in chase's situation it might be 200 or 300 bucks a month and then we're going to take a rent deduction in sds corp and then it's tax-free to chase because it's just reimbursement it's as if you work for microsoft and they go hey will you use your home for us thank you we'll give you a little extra money tax-free to reimburse you for the use of your home i don't know if microsoft does that but chase's s corporation can do that and so you could do a journal entry at the end of the year and just book it right off or every month chase you could just write yourself a check for two or three hundred dollars i'm not sure if that's the amount i'm just using as an example and say two or three hundred dollars and it just goes to rent to the s-corp tax-free to you baby boom catch that pen drop so that's how you do it in an s corp so chase make sure it's on the books you're doing great um okay now let's see uh oh we got a question here once your escort distributes wages and a distribution can you then take a standard deduction on your 1099 even if you have taken out all the business expenses through your s corp no you cannot and be pain bless your heart this is the type of question that scares the hell out of me because you should be using a tax advisor for the preparation of your s corp tax return because of this type of question and you know what go to the white board i like b payne's question i want everybody to know this let's say that b payne is driving uber selling some crap on ebay and doing a little consulting okay so bpayne has an s corp all right now if you have an s corp bpay might be getting multiple 1099s right they might be selling crap on getting money on venmo they're getting money on apple pay they're doing something on etsy and they're someone's giving them cash just directly and b payne's an honest u.s citizen taxpayer and b's gonna claim all that income i'm gonna claim it right on their s chord then we're going to do a little allocation of w-2 and then take draws we're just going to take draws so every time b wants money i if i want money out of my escort i think i did a draw today and just take a draw i just go online and i take a draw down into my personal bank account and then i might stop by the grocery store on the way home today which i will be and i'm going to stop by the person and i'm going to use my personal bank account to go get groceries so i let the s corp pay for its business expenses and then take a draw and i put it in my personal bank account and i pay for groceries now what b brought up was a standard deduction on your 1099. that would never take place what's going to happen down here is on your 1040 after you take your k1 and your w2 and any other income on your 1040 then you're going to take a standard deduction down here and so 1099s are way up here everybody they drop into your s corp or your llc the standard deduction is down here on your 1040 level and so there are totally two different spots and and that's okay you just need to learn this and that's why one of the tips here is do not jack up your tax return by trying to do it yourself okay giving away another book what your cpa isn't telling you love this book it's a story it'll put you to sleep at night it's it's a story i want it to be a made for tv movie so i even worked in a sex scene i think you guys will like it it's got a little viagra action in it no it's pg okay who's my winner lily lopez louis lopez lilly lopez lilly lily lopez lily lopez you're a winner email diane and go diane i won and then she's gonna get your mailing address and send you the book okay next i've only got a couple more tips here to avoid an irs audit the next one is payroll and i love this if you're doing s corp see this s corp right here we're still on the screen if you got an s corp you got to give yourself a freaking w-2 and you have to do that quarterly and you're going to be issuing it in april july october and then again in january so at the end of each quarter first second third quarter fourth quarter you're going to do a little payroll report it's called the 941. now we do this in our office we charge about 200 bucks a quarter we do all your payroll this is a service service at costco i mean you can get payroll services anywhere adp paychecks whatever but you you need to be involved in is choosing the payroll number because too many accounts are way too conservative and they're going to make you take more payroll than i want you to so be careful there don't take more payroll than you need to and then you do your you got to do your payroll reports or you're going to freaking get audited okay um says facts i'm like interesting irs won't call you todd good job okay in my first year county line convenience says it's my first year getting a 1099 from ebay and facebook marketplace congrats that's awesome should be around 20 grand any specific items i might not be thinking about for write-offs let's have fun everybody let's play with this okay let's just screw around here for a minute so county line is going to have a 10 40 down here so 10 40 tax return um county line made 20 grand in 1099's so we know we're going to want to be an llc to grow into the future into an s corp accounting line is going to be doing a schedule c is in charlie all right now this schedule c is a form that feeds into your 1040 okay and county line says what should i be thinking about let's have fun okay so 1099s drop in about 20 grand i want to do dining i want to do travel definitely going to do some auto you got to drive to the apple store at the very least or best buy we're going to do electronics i want to be writing off cell phones cell phone service computers um supplies i'm going to put supplies down here anything at officemax staples home depot which brings in equipment you might have equipment scenarios maybe you're running this could be a schedule e for those of you that are doing a rental property you're going to have some different ones there i want to put the kids on payroll the kids may be helping out quit paying taxes and giving your kids money have the kids help out with home um janitorial shredding paper marketing you're gonna have some marketing expenses don't forget about that you might have a little bit of legal getting your llc set up um i want to be funding your retirement account i'm going to be thinking about are we going to be doing a little roth are we going to be doing an ira we got to be thinking about health care write-offs what are you doing are you doing an hsa do you have health insurance and you say well health insurance is paid for at my work okay well do they pay for everything could we be doing something on the side should we do it doing an hra oh what else is in my normal list of things that i love gosh there's something i'm missing here i think this is pretty good that's what i've been thinking about people we want to be taking rhinos for all that jazz all right okay couple last items here and then i'm gonna give away our last of our books um okay of my 10 tips which one am i missing here attaching additional statements and comments that goes along with preparing your return with a a um a professional or really knowing what you're doing okay i think i'm on the last one here and that is going to be be aware of industry averages or common expenses if you're a realtor you're going to have a lot in mileage auto dining because you're out on the road whining and dining a dentist is going to have a lot of payroll rent supplies equipment so whenever i see a dentist with a lot of auto expense i'm like whoa whoa whoa that doesn't look right you're going to get audited you want to be kind of being certain boundaries now if you're using good software or tax professional they're going to be able to look at your business for your landscaper a consultant whatever and go based on your industry code you got some expenses here that are kind of weird like why do you have that expense no one else does in your industry you kind of want to be thinking logically is this going to grab attention you want to be you want to be under the radar you don't want to be michael anthony hall and 16 candles at jake's party getting noticed you don't want to do that you want to be under the radar you want to be jason bourne you're just blending you're just blending no one sees you coming all right um kitkat says is your office taking new clients here's thank you kitkat for throwing me a little softball there let me okay kitkat let me say this everybody out there one of the first things i recommend is get a tax consult with one of my tax lawyers and build a trifecta plan do you need to do entity do you need to clean up one of your llc's or corporations that's laying around we can look at a couple years tax returns and i want to save you 10 times whatever you pay us now we've got all sorts of options you might just pay for one hour you know we do a full consult it's gonna be around a thousand bucks or something like that some of you are just starting your business don't pay for that take your time soak up our podcasts my youtube videos come to one of my workshops this fall i got five workshops get over to mark j kohler.com great workshops you can watch online come in person but kitkat um we are not doing new clients for tax returns for last year we have a a list we're getting a list of all of our clients that want to be a new patrons that want to be clients this coming year so call the office you want to gosh can you put some of those links down in there caney cpas and and the law firm some of the phone numbers i would start out with just going to kkos lawyers or ke-cpas.com those will be down in the description and just line up an initial consult get a review of your tax returns get a plan now between now and october 15th the accounting firm swamped it's a good time between october and christmas to get a little consul at the accounting firm law firm we can we will find a spot for you within the next 10 days two weeks and really kind of help you get on a plan um adam says can you speak to how when we take our most maximum deduction but then if we want to sell people want to see their taxes might not look as good as profit and loss okay can you speak to how when we take our most excellent action then we want to sell people we want to see the taxes might look as good as profit okay here's what i think adam whitney's saying mark you make my taxes look so low i can't go to the bank and get a loan and so your write-offs are great i'm not getting audited and it's freaking awesome but now i got to go get a bank loan and i want to show more profit in my business that's a balancing act um one of the best things to do is be working with a lender that understands small business and they're freaking not going to beat you up for having a really smart tax return uh if you walk into your local credit union and you don't fit in our little box you're not going to get a loan right and so you want to be um aggressive and networking to find the right lender if you're trying to show a tax return that has profit but also not getting screwed by the irs and it's a balance it really is some clients will show more revenue one year to refinance their home or buy a new home and then next year they get back to writing off everything under the sun so be careful um b payne says with this new 80 billion dollars going to the irs what is your gut feeling on how this will affect small business owners well that's the whole point of this freaking broadcast be paying and that is the irs is going to be auditing more people that's what i'm trying to say that's why i want to tell you these are some tricks to avoid the audit they and the irs doesn't know who the cheats are they're going to throw a big net out there they're going to audit you know a random selection based on these 10 things that i'm talking about so you don't want to be in that cast of a net and the irs is wondering if you're using round numbers if you're cheating if you've got out of line numbers or you're not filing on time or you're not filing payroll or is all these little tips i'm giving you is going to keep you hopefully out of the fray when the irs starts doing more audits which they're going to do they're doubling the size of the irs um kazuzi says how backed up are you at the office i need a trifecta i can get you with one of my tax lawyers in the next two weeks easily to get your trifecta built for you people and what oh my gosh they look so freaking cool i do a trifecta with all these bubbles and where's your money going and how's your ira and your 401k and your data and we build a plan for your next year and we're not talking five ten thousand dollars and some of these companies that are not even freaking lawyers that are ripping people off watch out for them if you're not talking to a real lawyer that's affordable and simple and making sense you're at the wrong space and we are i really am worried about customer service you call my office if you're frustrated and you talk to us about what you received and what you paid for and the team the scheduling paralegals are amazing they'll make sure you get the right person all right let's see if there's any final i'm going to give away another book let's give away um a tax and legal playbook diane give me a winner todd e oh todd e oh tadio's been boom he's been asking questions we love you todd you're a winner email diane markjaykoller.com get over your address we're good to go uh let me hit another question bridget do you have to set up an llc for rental properties yes bridgette you do okay this is great whiteboard everybody whiteboard a lot of people say mark when do i set up an llc okay there's two instances where i want to see many of you in an llc first you might need your revocable living trust if you're just getting started married or single here's your 10 40. remember you're trifecta this is your foundation then if you buy a rental property and anything goes wrong on the rental bridget you're getting sued they're going to come after your home equity garnish your wages come after any asset you got when you have a rental property people that's when you set up an llc and we don't set it up in freaking nevada or delaware or wyoming we set up the llc now we have advanced strategies down the road but you're going to set up an llc in the state where your rental is so if bridges got a rental in tennessee we're going to set up a tennessee llc and we're going to transfer the rental into the llc and you're going to go well mark i have a bank and they're going to freak out no they're not the due on sale clause is i've had one time in 20 years thousands and thousands of deed transfers to llcs and the bank was like what's going on do you don't go into the bank they've already sold your damn mortgage you're gonna set up an llc after you close and then transfer the property into the llc let the llc be on the lease agreement and you're going to collect rent you're going to take all the freaking write-offs you're going to relove all these write-offs and you're going to report on a schedule e bridget call my office get an l we have an 800 llc set up you talk to a real lawyer they're going to get you dialed in if you want to pay a little bit more we'll design a trifecta for you and a plan for the year maybe look at tax returns all sorts of goodies but give the office a call anybody you can go to kqslawyers.com don't use my law firm if you don't like us that's fine but use someone don't don't go freaking try to knock this out on turbo tax or on um legalzoom and think you're going to do it right it's your first time be careful so bridget you want an llc for that now the second time i want an llc is for you people that are starting to side hustle if you're starting a side hustle let's start as an llc and then we can graduate to an s corp when the time's right do you know how much we charge to convert to an s corp 200 bucks 200 bucks you can convert to an escort in the times right i've i've been on the phone with my daughter sydney several times a day sydney shout out she's my realtor down in southern california kicking butt what did we do we set up an llc for her as soon as she hits the income level we want we're going to convert her over to an s corp her name doesn't change her ein doesn't change it's all good okay last question that i'm going to give away two more books and we're wrapped up does the irs negotiate the amount you might owe so people that's in my article it's down in the description what if i owe the irs and can't pay you can do what's called an offer and compromise they're not easy they want to see you dirt poor and they're going to make you stay dirt poor until they cut you a deal kit kat people pay the damn irs and move on it is not worth so it's you and there are i've had cases where clients get they owe the irs 100 grand and they only owe a thousand when you're done but guess what they're dirt poor and they had to prove it for two years and live dirt poor before the irs cut them a deal it is not um it's crazy uh jared says marky mark uh new vehicle purchase what tax and complain implications does it elevate my chances okay first of all if you bought a new car that was a great write-off love it we're going to decide between mileage or actual it is not going to get you audited to put a vehicle in your business freaking do it i want you to write the hell off of that thing and jared take advantage of every penny you can i've got an article in my blog you can go to markjaykohler.time mark marjoller.com and in the blog just type in auto just type auto in the blog search i've got a great auto with seven ways to write off your auto get over there check it out you're gonna love it um alex says i need to set up an s corp this year what is the last day i have to do it by oh okay alex if you don't have an llc already when you set up the s corp it's only good for the rest of the year from the day you set it up so if you set it up september 1st you only get to use it september october november december you only got 4 months of benefit so if you're making money alex you got to get that thing set up call the office immediately get your s corp going you can't set it up in december and go oh it's good for the whole year nope ira says oh you set it up december 1st you get to use it for the month of december and then you're screwed for the last 11 months so alex get on it um okay i thank you janie for making that post people there's a fictitious mark kohler that is not really there it is not me and they are scam artists do not listen to anybody that's got any 0.00 whatever the hell a bitcoin it is a scam it is a bot stay away um my kids win certified tax preparer here let me know mark my kids win i'm coming out with the sweetest tax certification program of tax strategies you're gonna love it it's affordable it's gonna make sense i'm gonna have a referral network that you can participate in to get clients you're gonna love it okay everybody i'm giving away the last two books and we're wrapping it up financial freedom who's my winner marlee toredo marley torreido toreto marley teredo make sure you email diane with two n's at markjaykohler.com and what your cpa isn't telling you the gameplay drug earl thomas earl thomas thank you diane okay earl you're a winner as well in life and of a book everybody the irs is getting bigger the irs has doubled their budget they are going to be auditing more people get your crap together save taxes it's okay to write things off it's okay to be on top of it there are loopholes that are legit and are not going to lose in an audit but you got to be the captain in your ship you got to be your own damn quarterback people i'm not going anywhere i have a podcast every week i'm going live every week i got youtube videos i've got articles out there i love the american dream i want to see you succeed don't give up keep learning the dream is real and this tax illegal making money and saving money same damn thing see you next week

Channel: Mark J Kohler

Views: 381,992

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Id: KcU9BuBnJ1Q

Length: 36min 42sec (2202 seconds)

Published: Wed Aug 17 2022