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#588 Tax Strategy Q&A: Mega Backdoor Roth, RV Write-Offs, and LLC Mistakes
Manage episode 495965363 series 2918661
Mark Kohler and Mat Sorensen are back for another Open Forum episode of the Main Street Business Podcast — answering real tax, legal, and wealth-building questions from listeners across the country.
In this episode, they cover advanced strategies and insider tips for:
- The Mega Backdoor Roth: How it works and who can use it
- Maximizing vehicle deductions and depreciation the smart way
- Fixing a broken S-Corp partnership structure
- LLCs vs. business trusts in California
- Solo 401(k) contribution strategies to hit the $70K cap
- Combining multiple accounts in a Multi-Member IRA LLC
- RV write-offs: What full-time RV entrepreneurs can (and can’t) deduct
Whether you're a business owner, investor, or just want to stop overpaying the IRS — this episode is packed with strategies and answers that could save you thousands.
- Grab my FREE Ultimate Tax Strategy Guide HERE!
- You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360
- Looking to connect with a rock star law firm? KKOS is only a click away!
- Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification.
- Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
- Craving more content? Check out my Instagram!
Chapters
1. Intro to Main Street Business Podcast (00:00:00)
2. The Mega Backdoor Roth Strategy (00:01:14)
3. Vehicle Depreciation Tax Rules (00:06:45)
4. S-Corp Partnership Pitfalls (00:14:24)
5. Business Trusts vs LLCs in California (00:21:07)
6. Solo 401k Contribution Strategy (00:24:30)
7. Multi-Member IRA LLC Rules (00:32:00)
8. RV Business Tax Deduction Options (00:34:20)
595 episodes
Manage episode 495965363 series 2918661
Mark Kohler and Mat Sorensen are back for another Open Forum episode of the Main Street Business Podcast — answering real tax, legal, and wealth-building questions from listeners across the country.
In this episode, they cover advanced strategies and insider tips for:
- The Mega Backdoor Roth: How it works and who can use it
- Maximizing vehicle deductions and depreciation the smart way
- Fixing a broken S-Corp partnership structure
- LLCs vs. business trusts in California
- Solo 401(k) contribution strategies to hit the $70K cap
- Combining multiple accounts in a Multi-Member IRA LLC
- RV write-offs: What full-time RV entrepreneurs can (and can’t) deduct
Whether you're a business owner, investor, or just want to stop overpaying the IRS — this episode is packed with strategies and answers that could save you thousands.
- Grab my FREE Ultimate Tax Strategy Guide HERE!
- You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360
- Looking to connect with a rock star law firm? KKOS is only a click away!
- Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification.
- Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
- Craving more content? Check out my Instagram!
Chapters
1. Intro to Main Street Business Podcast (00:00:00)
2. The Mega Backdoor Roth Strategy (00:01:14)
3. Vehicle Depreciation Tax Rules (00:06:45)
4. S-Corp Partnership Pitfalls (00:14:24)
5. Business Trusts vs LLCs in California (00:21:07)
6. Solo 401k Contribution Strategy (00:24:30)
7. Multi-Member IRA LLC Rules (00:32:00)
8. RV Business Tax Deduction Options (00:34:20)
595 episodes
All episodes
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