The $87 Fender Bender That Became A $3,000,000 LAWSUIT (How Not To Become A Target)
In this episode, Toby Mathis dives deep into the surprising world of lawsuits and how to protect yourself from becoming a target. Joined by Christina Mundy, Managing Trial Partner at Messner Reeves, they break down how a simple $87 fender bender turned into a $3 million lawsuit and what you can do to avoid similar legal nightmares. Learn more about Christina Mundy: https://messner.com/attorneys/christina-mundy/ They explore the hidden dangers of being over insured, the rise of “professional plaintiffs,” and the importance of keeping your financial life private. Christina shares real-life case insights from her years defending clients in high-stakes litigation. Tune in to learn practical strategies to protect your assets and stay out of court. Don’t miss this eye-opening conversation that could save you time, stress, and money. Would you like to learn more about protecting your assets and minimizing taxes? Schedule a free consultation here: https://aba.link/742 Show notes: 0:00 Intro 1:19 The $87 fender bender that became a multimillion-dollar lawsuit 5:48 Attorney referrals, treatment on liens, and the “Medical Mafia” example 8:59 Collateral damage: small business crushed by premium spikes 11:33 Even when you win: stress, time, and limited recovery of costs 13:50 Premises liability: why big properties become constant targets 15:34 Insurance strategy: when “too much” can paint a bullseye 17:40 Practical guidance: primary vs. umbrella—what most people need 19:08 Fraud rings and staged accidents: real-world examples 23:22 Asset protection & privacy: trusts, data brokers, and staying off records 25:09 Sued because you “look collectible”: separating personal/business 28:54 Outro ——————————————————————————————————— SUBSCRIBE https://aba.link/subscribe ~~~~ FREE TAX & ASSET PROTECTION WORKSHOP Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/iey TAX TUESDAY LIVE Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/jda OTHER ANDERSON ADVISOR EVENTS Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life. https://aba.link/tobyevents ~~~~ FINANCIAL PLANNING & TAX RESOURCES 📚 Order Your Copy of “Infinity Investing: How The Rich Get Richer And How You Can Do The Same” Here: 👉👉 👉 https://aba.link/IIWbook Order Your Copy of ”Tax-Wise Business Ownership” and find greater success by taking advantage of tax laws for your business. Here 👉 https://aba.link/tobyshop Visit Anderson Advisor’s website for content, like articles, podcasts, and more that we publish alongside my channel. 👉 https://aba.link/tobyaba ~~~~ FOLLOW US: Instagram: https://aba.link/instagram Facebook: https://aba.link/facebook Twitter: https://aba.link/twitter LinkedIn: https://aba.link/linkedin TikTok: https://www.tiktok.com/@tobymathisesq ~~~~ CONTACT US Phone: 800.706.4741 Email: info@andersonadvisors.com Fax: 702.664.0545 ABOUT TOBY MATHIS Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba ——————————————————————————————————— WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture. The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. #lawsuits source
Hold Your Family Board Meeting by Year-End!
BOOK A DISCOVERY CALL TODAY! https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen break down why every small business owner should hold their annual Family Board Meeting before the end of the year. This powerful meeting isn’t just a formality — it’s a proven strategy to strengthen your business, protect your assets, and educate your family about wealth and responsibility. You’ll learn how to make your Family Board Meeting IRS-compliant, maximize write-offs, document your decisions properly, and create a legacy plan that keeps your business and family aligned for years to come. Mark and Mat share real examples, step-by-step guidance, and practical insights to help you get it done right before December 31st. Don’t wait until tax season to get organized — plan your Family Board Meeting now and take control of your financial future! Subscribe for more tax and legal strategies that help small business owners save money, stay compliant, and build lasting wealth. CHAPTERS: 0:00 Teaser 0:40 Benefits of Holding a Family Board Meeting 1:22 What is a Family Board Meeting? 6:31 Benefit #1: Tax Write-Offs 10:39 Benefit #2: Asset Protection 12:46 Benefit #3: IRS Audit-Proofing 14:16 Benefit #4: Support and Advice from Your Family 15:32 Benefit #5: Family Unity & Education 17:23 Benefit #6: Business Continuity Planning 22:03 Benefit #7: Company Compliance 23:41 Recap 26:03 Outro Resources: Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Self-Direct Your IRA or 401k- Buy a Business or Real Estate with Your Retirement Account (Directed IRA): https://directedira.com/appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Keep Your LLC or Corp in good standing and Hide Your Address (Main Street Business Services): https://mainstreetbusiness.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Connect: Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end LinkedIn: https://www.linkedin.com/in/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Facebook: https://www.facebook.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end Instagram: https://www.instagram.com/markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end X: https://x.com/markkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end TikTok: https://www.tiktok.com/@markjkohler/?utm_source=mjk-youtube&utm_medium=description-link&utm_campaign=main-street-business-podcast&utm_content=msbp598-family-board-meeting-by-year-end source
Main Street 360: The One Workshop Every Business Owner Needs
Tired of events that just pitch the next event? Main Street 360 is different. I’m Mark J. Kohler — CPA, attorney, and small business owner — and I’ve built the ultimate workshop that covers everything: marketing, tax strategy, asset protection, real estate, and wealth building. Join us this November in Phoenix for 3 days of real strategy, incredible speakers, and lasting relationships — all at an affordable price (and it’s a tax write-off). Learn more: https://mainstreetpros.com/main-street-360 ✅ Subscribe for weekly tax and wealth tips source
Where Should You Put Your Extra Cash?
Before chasing appreciation or tax perks, start with one question: What’s my cash-on-cash return? If you invest $100K, compare it to what you’d earn elsewhere — 4% in a money market, 9% in an ETF, or more in the right real estate deal. Always begin with cash flow. It’s what keeps you in the game when the market shifts. ✅ Subscribe for weekly tax and wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/ source
How High Earners Should Use a Roth
If you’re making good money — it’s time to level up your retirement game. The Mega Backdoor Roth lets you contribute up to $76,000 per year (and double that if you’re married). Stay consistent, and you could hit $1 million tax-free in just five years. That’s the power of smart, tax-efficient investing. ✅ Subscribe for weekly tax and wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/ source
The Backdoor Trick for Big Roth Savings
What’s a Backdoor Roth IRA? Here’s the Secret Entrance If you make too much money to contribute directly to a Roth IRA, there’s still a way into the party — through the backdoor Roth strategy. Here’s how it works: 1️⃣ Contribute to a traditional IRA (no deduction if your income is high). 2️⃣ Convert it to a Roth IRA tax-free — because you never got a deduction in the first place. That’s the backdoor to tax-free retirement growth. ✅ Subscribe for weekly tax and wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/ source
The #1 Cost for Every Business Owner
The biggest cost in your life isn’t your mortgage or car payment — it’s taxes. When you get organized with bookkeeping and understand your tax strategy, success follows naturally. You don’t have to be an expert. You just need to take the first step — track your income, pay your bills, and start saving on taxes. That’s how real business owners build wealth. ✅ Subscribe for weekly tax and wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/ source
How to Pass Your Business to Your Kids
Successful business transitions start decades before the handoff. Talk to your kids early about why you built the business, your vision, and your dream. The biggest reason family successions fail isn’t taxes — it’s lack of preparation. Teach the next generation the purpose behind the business so they can carry it forward with passion and independence while you plan your own retirement. ✅ Subscribe for weekly tax and wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/ source
We Can Call This TAX FRAUD!
🔥 Want to become Jasmine’s client? Tax Planning & Returns, Accounting, and IRS Tax Resolution: https://jasminedilucci.com/discovery-call 🔥 Join my new FREE Actual Tax Law Community for Free Workshops, Q&A’s and Tax Resources: https://actualtaxlaw.com/ 🔥 Follow Jasmine on Instagram for daily content: https://www.instagram.com/taxleveragejd/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT JASMINE DILUCCI, JD, CPA, EA Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS. Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution How Jasmine Got Here… 18: Became an Enrolled Agent, licensed to represent taxpayers before the IRS. 22: Earned an Accounting Degree and a Master’s in Finance. 23: Became a CPA 24: Stepped into leadership as she took over her own CPA firm 26-28: Juggled full-time studies at SMU Law while she was growing her CPA firm. 28: Graduated from law school 4th in her class and became an Attorney, all while managing her CPA firm. 29-31: Expanded her CPA firm to seven figures, with a focus on delivering top-notch service and exceptional value to every client. 32: Launched Tax Leverage to offer free online education and combat the rise of “tax gurus,” aiming to provide real, accessible tax knowledge. Today: She’s dedicated to running her firm and leveraging her expertise to educate and empower others, helping individuals and businesses navigate the complexities of taxes and finance. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice. # # #jasminedilucci source
The QBI Deduction
🔥 Want to become Jasmine’s client? Tax Planning & Returns, Accounting, and IRS Tax Resolution: https://jasminedilucci.com/discovery-call 🔥 Join my new FREE Actual Tax Law Community for Free Workshops, Q&A’s and Tax Resources: https://actualtaxlaw.com/ 🔥 Follow Jasmine on Instagram for daily content: https://www.instagram.com/taxleveragejd/ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ABOUT JASMINE DILUCCI, JD, CPA, EA Jasmine DiLucci has specialized in tax since high school when she first became licensed to represent taxpayers before the IRS. Now as a tax attorney and CPA, she works with individuals and business owners across the nation to on Tax Planning, CFO Advisory, and IRS Tax Resolution How Jasmine Got Here… 18: Became an Enrolled Agent, licensed to represent taxpayers before the IRS. 22: Earned an Accounting Degree and a Master’s in Finance. 23: Became a CPA 24: Stepped into leadership as she took over her own CPA firm 26-28: Juggled full-time studies at SMU Law while she was growing her CPA firm. 28: Graduated from law school 4th in her class and became an Attorney, all while managing her CPA firm. 29-31: Expanded her CPA firm to seven figures, with a focus on delivering top-notch service and exceptional value to every client. 32: Launched Tax Leverage to offer free online education and combat the rise of “tax gurus,” aiming to provide real, accessible tax knowledge. Today: She’s dedicated to running her firm and leveraging her expertise to educate and empower others, helping individuals and businesses navigate the complexities of taxes and finance. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice. # # #jasminedilucci source