Mark J. Kohler

Tax & Legal Educational Articles
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Last-Minute Contributions and Deductions Before April 15th

April 15th is more than just “Tax Day.” It’s your last chance to make key financial moves that can still impact your 2024 tax return—even though we’re already in 2025. Whether you’re a business owner, investor, or simply looking to reduce your tax bill, these final contributions can still pack a punch. Here’s your checklist

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How Much Should I Send in with My 1040 Extension?

Tax season can be stressful, especially if you’re unsure about your tax liability or not prepared with all of your paperwork. Filing an Extension could be the perfect solution! If you’re planning to file a tax extension (Form 4868), you’re not alone—and you’re not in trouble either. In fact, filing an Extension is a smart

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House Asset Protection

When to Use the Domestic Asset Protection Trust (DAPT)

When you want to safeguard hard-earned assets from creditors and lawsuits, everyone looks for a solution that can provide security and peace of mind. A domestic asset protection trust (DAPT) can check both of those boxes. Whether you’re a business owner, a high-net-worth individual, or simply someone looking to protect their financial future, it’ll be

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Side Hustle Desk

The Art of the Side Hustle: How to Make & Keep More of Your Hard-Earned Money

Everyone should have a hobby or some sort of talent/skill that extends beyond their typical 9-to-5, and if you’re good at it…you shouldn’t be doing it for FREE. If you have a side hustle, congratulations—you’re already on the path to financial freedom and building wealth! Driving Uber, selling on Etsy, freelancing online, or running a

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Tax Savings Jar

Depreciation Deduction: How It Saves You Money on Taxes

Taxes are inevitable, but overpaying them? That’s optional. If you’re a business owner or entrepreneur, you need to know about depreciation and deductions—one of the best ways to legally reduce your tax bill. In this guide, we’ll break it down in simple terms, answer common questions, and show you how to maximize your financial benefits.

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RV Ownership Tax Strategies: Maximize Deductions & Profits

RV ownership is on the rise, with over 11 million U.S. households now owning an RV. In fact, 13% of U.S. households own a recreational vehicle, and 43 million Americans regularly go RVing. With numbers like that, it’s no surprise that many people are wondering: Can I write off my RV on my taxes? The

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Tax Preparer vs. CPA: 6 Key Differences

  If you’re navigating the tax industry—either as a professional looking to expand your expertise or a taxpayer seeking the right assistance—you might be wondering whether to hire a tax preparer vs CPA.  While both professionals help individuals and businesses with taxes, their qualifications, services, earning potential, and authority vary significantly. Below, we break down

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Maximizing Tax Savings with the Augusta Rule

Imagine earning thousands of dollars in rental income completely tax-free—no reporting, no IRS hassle, just pure profit. Sounds too good to be true? It’s not.  The Augusta Rule (the Augusta tax rule) is a powerful tax-saving strategy that allows homeowners to rent out their home for up to 14 days per year—without paying a single

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