Mark J. Kohler

Tax & Legal Educational Articles
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How to Protect My Residence from a Lawsuit

For most of us, our home is one of our most valuable assets. It truly is our “castle”, but it can also be one of our most vulnerable assets. Here are 8 strategies that should considered in a well designed Asset Protection Plan.

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The Difference Between Sub-Contractors and Employees

There are facts and circumstances most commonly used to determine the difference between an employee and sub-contractor. It’s a 3 part subjective analysis and some facts may indicate that a ‘worker’ is an employee, while other factors indicate that the worker is actually a sub-contractor.

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Subcontractor vs Employee – 7 Warnings

The IRS consistently warns taxpayers to not get caught paying ‘employees’ as ‘sub-contractors’. But believe it or not, the IRS, may be the least of your worries. There are 7 deadly results that could occur by trying to call an ‘employee’ a sub-contractor when it’s truly not the case.

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Rules for Foreigners Investing in Rental Property in the U.S.

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 (which have important obligations and liabilities associated with the classification).

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Building a Personal 10-Year Plan

Young or old, stable or in transition, starting a new business, or trying to find an exit strategy for a mature business, building a 10-year plan can give you a significant edge in living a happier and more fulfilling life. More specifically, for a business owner it could be the difference between making a profit

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Where to Set-up my Corporation or LLC

Choosing the State in which to set-up your corporation or LLC is actually a very straightforward decision. Don’t let someone talk you into setting up your new entity in Nevada, Delaware, Wyoming or Utah…just to name a few.

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a toy house with some keys next to it resting on a few 100 dollar bills

The New Home Mortgage Interest Deduction

The new law first imposes a lower dollar limit on mortgages qualifying for the home mortgage interest deduction. Beginning in 2018, taxpayers may only deduct interest on $750,000 of new qualified residence loans ($375,000 for a married taxpayer filing separately), and the limits apply to the combined amount of all mortgage loans. Moreover, the extra $100,000 of home equity interest is gone entirely. 

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5 steps to get out of debt and stey out of it

5 Steps to Get Out of Debt and STAY Out of Debt

Go into debt. That’s right…but “Good debt”. I want you to use good debt to buy rental real estate, start or expand your business, and build additional cash flow. You may even enter into debt for a modest home if you are renting. Many consider a modest auto loan or home loan profitable debt, IF it helps you make money by driving to a job and NOT paying rent to someone else.

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using a 10 year plan in your business

Using a 10 Year Plan in your Business

Anyone that has owned their own business knows that success can often turn on one simple principle: self-discipline. When you own your own business, there is usually no one leaning over your shoulder making sure you are putting in the hours you need and focusing your energy on the right tasks. A strategic plan can give you a regular road map to keep you focused and help you set goals, and then follow a strategy for achieving them.

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is redeeming airlines miles taxable?

Is Redeeming Airline Miles Taxable?

Before you start clearing your calendar, think about this – redeeming those points or claiming your rewards may be a taxable event. Maybe it’s time to redeem those credit card points or miles you’ve been saving up and jump on a plane headed someplace warm. How about Miami, or maybe Maui?

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whas is a cope for asset protection?

What is a COPE for Asset Protection?

A Charging Order Protection Entity (COPE) is a unique type of entity that can provide additional protection for the assets it holds from the owner’s personal liabilities. It is far more advanced and complex than the average LLC.

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