Main Street
Business Podcast
New episodes posted every Thursday
A refreshing podcast about building wealth and how to live the American Dream.
New episodes posted every Thursday
A refreshing podcast about building wealth and how to live the American Dream.
Latest Episodes
Business Owners Tax Strategy Update – Keep More of Your Money in 2021
Business Owners Tax Strategy Update, everything you should know to keep more of your money in 2021. Mark and Mat break down the most cutting-edge tax strategies every business owner, entrepreneur, side hustler, and real estate investor should be doing. They cover topics like investing in retirement accounts, the dining write-off, auto deduction, S-Corp Conversions, HSA and Health Care, Self-Directing, paying your kids, and MORE! These leading tax strategies in 2021 and any important updates won't be found anywhere else. For more information go to Mainstreetbusiness.com
How to Report your Side Hustle on your Tax Return
If 2020 wasn’t COVID year, it was the year of the side hustle! millions of Americans have a side hustle to make ends meat. No need to worry, having a side hustle is a GREAT thing. It gives us Tax Planning opportunity that you would never get as a w-2 earner. Join Mark and Mat as they go deep into showing how you report your side hustle on your taxes. For more information go to Mainstreetbusiness.com
OPEN FORUM SHOW – Answering difficult tax, legal & business questions
Join Mark and Mat as they answer difficult tax, legal, and business questions from around the Nation. To listen or search for prior episodes, or sign up for their Weekly Free Newsletter, visit www.mainstreetbusiness.com
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Mark’s Latest Blog Posts
2021 Tax Deadline Changes Summarized
[Updated March 31st, 2021]This week the IRS released IRS Notice 2021-21 with a summary of all the changes for tax deadlines historically on April 15th. Now, many of the deadlines have been changed to May 17th, but it’s more than just your form 1040.Unless you were...
IRS moves Deadline to May 17th- What it Really Means!
If you’re like millions of other Americans and feeling the stress of paying taxes after what has probably been one of the most hectic and economically stressful years of your life, I have good news for you! This morning the IRS announced they will postpone the typical...
What to do if You Can’t Pay Your Taxes by May 17th
[Updated March 17th, 2021]Yes…we just received another gift from Congress. We now have until May 17th to file our taxes or an extension, AND to make a payment without penalty.Typically, there is a late-payment-penalty (more on this below) that kicks in if we don’t pay...
Mat’s Latest Blog Posts
Contribution Deadline for IRAs and More Changed to May 17th
What is the last day to contribute to an IRA for 2020? Taxpayers now have until May 17, 2021, to contribute to their Individual Retirement Accounts (IRAs), Health Savings Accounts (HSAs), and Coverdell Education Savings Accounts (ESAs), according to a statement by the...
Tax Rules for Buying and Selling Bitcoin and Other Crypto
From my article on Entrepreneur When you buy Bitcoin and sell it for a profit you are subject to capital-gains taxes. This is the case whether you buy Bitcoin and sell it for dollars or whether you exchange it for other cryptocurrency for a profit. This is also the...
New Stimulus Bill Includes Second Round of PPP Loans for Small Business and Forgiveness Rule Changes Favorable to Borrowers
From my article on Entrepreneur Congress at last passed a second stimulus bill this week — as of this writing, it is still awaiting President Trump’s signature — and it includes a second round of PPP loans for affected small businesses as well as...
Co-hosts Mark J. Kohler and Mat Sorensen discuss complex subjects about legal and tax strategy, asset protection, retirement, investing, and growing wealth in an engaging and charismatic way that is easy for everyone to understand.
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