Side Hustle Tax Strategies That Save You THOUSANDS

Being a Tax Advisor is a lucrative opportunity...Learn more here : https://markjkohler.com/main-street-t... To learn more about becoming a Main Street Tax Pro, head to: markjkohler.com/certification Ebook & Newsletter: https://markjkohler.com/youtube/ Call the MJK Team: (520) 800-0986 KKOS Lawyers (My Law firm): https://kkoslawyers.com/contact-us/ Directed IRA (My Trust Company): https://directedira.com/appointment/ My Certification and Membership: https://markjkohler.com/become-a-cert... Podcast: https://mainstreetbusinesspodcast.com/ Main Street Business Services: https://mainstreetbusiness.com/ Facebook:   / markkohler   Instagram: https://www.instagram.com/markjkohler... Threads: https://www.threads.net/@markjkohler X:   / markkohler   TikTok: https://www.tiktok.com/@markjkohler?l... LinkedIn:   / markjkohler   YouTube: https://www.youtube.com/markjkohler/f... LinkTree: https://linktr.ee/MJKYoutube If you liked the video, please give it a "Thumbs up!" and please subscribe to see more! 00:00 - Coming Up... 02:01 - Importance of Claiming All Income 04:10 - Explaining Home Office, Auto, and Electronics Write-Offs 06:01 - Benefits of Having a Separate Bank Account for Your Side Hustle 08:09 - Creative Write-Offs: Dining, Travel, and Training 11:11 - Utilizing Children in Your Business for Tax Advantages 14:04 - Using S Corps to Minimize Self-Employment Taxes 17:26 - The Role of Tax Advisors and the Importance of Engagement 22:05 - Solo 401k and HSA Contributions 25:02 - Getting Engaged in the Process 27:47 - Filing Business Owner Information Form to Fincen