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Mark J. Kohler

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Need a living Trust

Do I Need a Living Trust?- What You Need to Know

Millions of Americans die each year without any type of estate plan in place, and this forces their families into the court system, where they experience huge expenses with probate and significant time delays when they would rather be mourning.

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how many properties in an llc

How Many Properties Should I Put in My LLC?

I truly believe that an LLC for every rental property isn’t needed for the far majority of real estate investors.  It’s expensive, cumbersome and provides nominal benefit when there’s not a lot of equity in their rentals….yet!!

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How to write off a cruise

Can you really write off the cost of a Cruise?

I recently returned from a cruise. The first 7-day Royal Caribbean cruise since the disruption of 2020. I still had to wear masks here and there on the ship. At least the crowds were down and it was nice to be on a trip again. I just wish it would have been a tax write-off!

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household employee tax

Does the Household Employee Tax Apply to Me and What to Do

You may have thought the only time you may need to worry about the so-called “Nanny Tax” ( also known as the household employee tax) is if you decide to run for public office and facing a pesky reporter at a political rally. However, it’s a concern everyone needs to take seriously. If you have

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Eviction Ban Expired

Eviction Ban Expires Just in Time to Save Landlords

Eviction Ban Expires Just in Time to Save Millions of Landlords It’s the beginning of the month and rent is due! The eviction ban has expired! Landlords can finally collect rent from tenants that haven’t paid rent for months.  The Supreme Court stated that it wouldn’t extend the renter protection past the end of July,

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When to use an LLLP

When to use an LLLP (Limited Liability Limited Partnerships)

When to use an LLLP…  I have searched far and wide for a good reason to have an LLLP versus using another form of doing business and frankly, I can’t find one. I never recommend them. Although, they have been adopted in now more than 20 states as a more unique asset protection tool, whoever

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Paying Your Kids in Your Business

How to Pay Your Kids in Your Business

This has to be one of the most under utilized tax strategies by small business owners with families today. Many don’t realize that paying their children under age 18 is an excellent strategy to minimize their tax liability, not to mention it creates a host of other ancillary benefits.

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