Education

Breaking News: Federal Judge Strikes Down Corporate Transparency Act! Get the scoop on how this impacts LLCs and corporations. Plus, key compliance deadlines and what it means for you! The post Corporate Transparency Act Ruled Unconstitutional appeared first on Mat Sorensen.

    The new federal BOI reporting requirement has prompted an increase in dissolutions as business owners and investors are cleaning out entities they no longer use so that they will not have to complete the new BOI filing on these entities starting in 2024. The end of the year is an excellent time to […]

Seller financed deals can be a win-win strategy for buyers and seller of real estate or businesses. Seller financing means the seller of the asset, whether a business or property, agrees to take payments over time for the purchase price and as a result the seller is financing the sale of the asset to the […]

The Internet has allowed families to prepare basic estate planning documents from documents online and at affordable prices. However, the increase in affordability and convenience found on the web has created a false sense of security and inadequate planning that has caused disasters for many families as many do it yourself estate plans fail to […]

The U.S. tax rules that apply to ownership and dispositions of U.S. real estate by foreign persons are different in some important respects from the rules that apply to U.S. persons. Also, property managers are under special rules when managing property for foreign owners, and sellers to foreign investors can be classified as withholding agents […]

More and more real estate investors are adding 'short-term rental' properties to their portfolios and with a lot of success. However, many still have questions about where to place them in their tax and legal structure. The post How Short-Term Rentals are Taxed appeared first on Mark J. Kohler.

As we have been working through tax returns for clients this tax season, it’s alarming to see how many clients aren’t maintaining their checkbook properly, or not even having a separate checkbook at all for each of the companies they own and operate. The post Practical Checkbook Procedures for your Business to Succeed appeared first […]

When it comes to these ever increasing expenses and strategies to make us more successful in our business, we should be looking for ways to deduct them. The post How to Write-Off Your Technology Expenses and Cell Phone appeared first on Mark J. Kohler.