401: Tax and Legal Questions? | What you should do.

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00:00 Intro
00:21 Topic Overview
01:59 Q1: LLC and Divorce
05:34 Q2: Converting ESA to 529
11:27 Q3: YouTube and Taxes help
15:29 Q4: Roth
21:26 Q5: LLC, communication, and properties
23:52 Q6: Multiple Businesses under one LLC
29:58 Q7: Roth IRA and Trusts
35:10 Q8: Hedge Fund, investing, and reporting to IRS
40:57 Q9: Captial Losses with Taxes
46:08 Travel Story time
50:48 Outro

[Captain_Shane]

@Mark!! I have my consult with your attorney in 45 minutes! SO EXCITED!!

[TalentNetworked]

Can you please do a info video on how the IRC 168 100% Truck Tax Credit works?

[dmichaelelkins]

The question from Josh is about Novatech, which I am also in and it does indeed pay profits every Friday of about 3% from crypto trading done by the company, which is its own broker. Based upon what I learned from you guys, I set up a back door Roth IRA and set up an LLC to trade cypto, opened a crypto trading account funded from my LLC, and then funded my Novatech account from my crypto trading account. Thanks to you guys I don’t have to worry about paying taxes on my profits, which grow pretty fast at 3% a week, especially when I am compounding my account every week!

[DerrenJoseph]

Regarding the guy in Thailand, he would qualify for the section 911 FEIE which would wipe out about 140k or so in come from a US perspective. Therefore he would not have any qualifying income for ROTH. He would only face SE taxes but the S Corp is bad for him anyway. So he needs to get rid of the S Corp. Watch for Thai taxes which are triggered by remitting income in the year in which it is earned.

[lenocka]

Mark,
Great show,
So can I use an existing LLC for Etsy sales?
This LLC was originally created for Real estate.
Should I just use Etsy sales as DBA inside of LLC?

[TheCakenator]

I’d like to schedule a full gamut of services with you (trifecta, Roth conversions, solo Roth 401k, business & income tax, etc)

[OaklandRed]

Hello can you recommend any personal lines of credit that you can qualify for with just bank statements and no tax returns? Thanks!

[mschandra]

Can you please explain me difference between revocable living trust and irrevocable living trust. Which option is better in which situation. How can I get all my real estate and term and whole life insurance into it. What are the tax complications on year to year basis and while passing on to kids

[paulromero]

Love your channel and content!! But I would like to know your views on Land Trusts. Should I get a land trust or LLC for my rental property that has a mortgage? I searched your channel for some content but can't find any. You are my first "GO To Guy" when I need info on these type of things. Was hoping that you made a video on Land Trusts! Thank you!

[BurmeseUSA]

I need help with tax advise. where to contact to please? me and my husband have LLC small business and day jobs too. have 2 sons who I want to roth Ira for their future. I want to have a trust. I been following you and listening you but I need to focus on my specific case. your guidance is appreciated.

[Chanel]

Hey guys, love the videos!!! Should we be worried about the IRS coming after Roth funds that have more than 20k in them?

[SgtSam]

Man I gotta figure out how to get my questions answered 🤔

[JB-jnrs]

Hi mark, I got scammed out of some Bitcoin, how does it affect me tax-wise?

[americanguesthouse]

Hello Mark, thank you for the great videos. I am 67 y.o., still working full-time as a sole proprietor, and am looking for a CPA. Could you please help me?

[LouisFrancoisArt]

I was calling the number you provided and no one picked up.

[d.r.]

Starting up a business consultant company. What would you recommend the gross be before becoming an s corp? Income is residual income and service based, some sales. Thanks