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The end of the Year is here!!! What are you grateful for?
My tax accountant says I cannot buy a rental property with my s-corp LLC. They say I have to pay myself and get taxed on my w2 / paycheck then I can put a down payment on the property. Is this true? I have a trust setup through KKOS already.
Hi, Mark and team! I don't now if you'll see this. With a calendar year tax filing, my first earnings may fall in the last weeks of December. If I take a draw against a paycheck in 2023, it feels as though I'm screwing up. It sounds like a hinky mess. Can you help clarify this for me? Is it just better to take a paycheck?
Beautiful German Shepard !
Where can I call
Hey mark , requested tax support never heard anything back , thought I would let you know your efforts for business missing if that’s your goal is for new clients . Thanks for the info n tips . I personally wouldn’t want to do business with someone I would have to chase for a return call. Plenty of those local attorneys that don’t call back lol happy holidays !
Q. Roth ira. At 59 1/2, I will be allowed to withdraw a portion of my retirement without penalty. If I invest a portion of this money, invest. If the investment increases, do I have to pay taxes again on the profit even though I originally thought already paid my taxes?
Best video yet!
Paying your kids, on Schedule C do we pay them as "Cost of Labor" Line 37 under Cost of Goods Sold OR in Section V write it as "Outside labor"? Because there were no goods involved so its not valid I guess to use Line 37.
If only conservatives could see the destruction they cause by not printing money and giving it to the lower 95%. Market is going down because people don't have money to buy anything. No money to buy food, stocks, oil, etc. No extra money to deposit at Goldman or Banks, those those financial companies don't have money they can use to make more money, in addition to the higher rates. The worst advice was to horde food that goes bad, driving up food prices and precious money is now gone because they reduced food supply and drove up prices to be inflated.
Mark! I love all your videos! But you seem really upset and frustrated in this one!! Get a bottle of wine, light some candles and go chill tonight! Love your shepherd! Please get him more into the videos!
What pisses me off is that they've been taxing me anywhere from 500 to 800 a week for 30 years and then turn around and say that I owe them money.
How about the fact that they take are money that we pay them and send it over to all these other countries all the time and not even help our veterans or homeless. They try to go after the little guy that doesn't make much. That's exactly what's going to happen when these new 88 thousand agents that are coming on board. Everyone should be pissed about this…not just a little guy that's trying to survive. JMHO
23:36 would a business that learns mostly residuals be considered passive . It’s an equipment sales but once sold a monthly residual .. not really many expenses annually at all
Your on vacation!