Who Qualifies for a Solo 401(k)? Here’s the Rule Most People Miss
The Solo 401(k) was built for self-employed business owners with no full-time employees — except a spouse, kids, or partners. It lets you contribute up to $70,000 per year, tax-deferred or Roth, without worrying about big-company 401(k) rules. But here’s the key: you only lose eligibility after a full-time employee hits their one-year anniversary. That means if you just hired someone, you can still set up and fund your Solo 401(k) this year. ✅ Subscribe for weekly tax & wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/?utm_source=mjk-YouTube&utm_medium=description&utm_campaign=shorts source
Can You Hire Your Kids to Avoid Taxes?
Watch full video here: https://youtu.be/40optfM52WY 🔥 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
Can You Make Your Lifestyle Tax Deductible?
🔥 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
Why You Should Avoid Being In Debt
Dave Ramsey has some powerful insights on debt—and I have to say, I agree with him on most of it. 👉 I’m not a fan of personal debt, especially when it’s tied to liabilities like cars or credit cards. Even mortgages don’t excite me, unless the property itself is generating income. But here’s the key difference: Debt = borrowing against something that drains your wallet. Leverage = using an asset that pays you to grow wealth. If more people understood this distinction, we’d see a lot less financial pain. As a tax attorney, I usually talk about tax strategies—but I had to react to this one because it just makes sense. 🔹 Do you agree with Dave Ramsey’s approach, or do you see debt differently? #FinanceTips #DaveRamsey #DebtFreeJourney #WealthBuilding #TaxAttorney ——————————————————————————————————— 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/tobytaxtues Download Your Digital Copy Of Infinity Investing: How The Rich Get Richer And How You Can Do The Same 👉 https://inf.link/8zu 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. source
Difference Between an EA and CPA
🔥 Want to become a client of Jasmine’s? Accounting, IRS Tax Resolution, and Tax Leverage: https://www.taxleverage.com 🔥 Accountant looking to grow your firm? See how Jasmine can help: https://taxleverage.com/welcome ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 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 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Disclaimer: This information on this channel is for educational purposes only and does not constitute professional legal or tax advice. # # #jasminedilucci source
Hire Family to Be on Your Board of Advisors
Stop giving your adult kids money — pay them through your LLC’s board of advisers instead. When you clean up your LLC, it’s the perfect time to form a family board. Add your adult children or close family members, pay them as 1099 subcontractors for legitimate work, and make those payments a tax-deductible business expense. This strategy keeps your business organized, supports your family, and saves taxes — all at once. ✅ Subscribe for weekly tax & wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/?utm_source=mjk-YouTube&utm_medium=description&utm_campaign=shorts source
Do You Need a Separate Trust From Your Spouse?
For 90% of couples, a joint revocable living trust is the best choice — it’s simpler, more efficient, and perfect when you share marital assets. Separate trusts only make sense if you have a prenup, postnup, or blended family situation where you want to keep things distinct. Our firm helps clients nationwide set up affordable estate plans starting around $1,600. ✅ Subscribe for weekly tax & wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/?utm_source=mjk-YouTube&utm_medium=description&utm_campaign=shorts source
The Secret to Tax-Free Money for Grandkids
Want to help your grandkids build wealth and keep it tax-free? Here’s how: grandparents can 1099 the parent (not the grandchild) for helping in the business. The parent reports it on their Schedule C, then pays the grandchild for legitimate work — exempt from FICA taxes if under 18. That money can then be contributed to a Roth IRA for the grandchild. The result? A write-off for you, no tax for them, and a jumpstart on lifelong tax-free growth. ✅ Subscribe for weekly tax & wealth tips 📩 Join the free newsletter: https://markjkohler.com/youtube/?utm_source=mjk-YouTube&utm_medium=description&utm_campaign=shorts source
This is How Rich People Never Pay Taxes
🔥 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
How to Set Up, Maintain, and Maximize Your Solo 401(k)
Take control of your retirement with our Solo 401(k) Special, starting at $895. The offer ends on October 17, 2025! Learn more: https://kkoslawyers.com/solo-401k-special-2025/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast Watch Part 1 here! https://youtu.be/XAW2MEK6Ffg Are you taking full advantage of one of the best retirement strategies available to entrepreneurs and small business owners? In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen dive deep into how to set up, maintain, and maximize your Solo 401(k) — giving you the tools to make the most of this powerful retirement plan. The Solo 401(k) offers higher contribution limits, flexible investment options, and unique tax advantages that make it one of the most attractive plans for the self-employed. Mark and Mat break down everything you need to know about eligibility, plan setup, ongoing compliance, and strategies to ensure your plan is working for you. They’ll also cover common mistakes, key rules to remember, and proven ways to grow your wealth through real estate, small business investments, and alternative assets inside your Solo 401(k). Whether you’re new to retirement planning or already have a Solo 401(k) in place, this episode provides practical steps to help you stay compliant, maximize contributions, and take full advantage of the tax-saving opportunities available. By the end, you’ll understand why the Solo 401(k) is often a smarter choice than a SEP IRA or other retirement plans — and how to ensure yours is structured correctly. If you’re serious about saving taxes, building wealth, and taking control of your financial future, this is an episode you don’t want to miss! CHAPTERS: 0:00 Teaser 1:09 Solo 401(k) Eligibility Rules 7:24 Part-Time & Family Member Rules 8:58 Deadlines & Plan Setup 11:33 Contribution Limits & Documents 17:01 Contributions for Sole Props & S-Corps 22:13 Roth Options & Backdoor Strategies 23:35 Loans, Fees & Plan Maintenance 29:10 Special Offer & Next Steps Resources: Interview a Main Street Tax Pro that Speaks like Mark: https://taxadvisornetwork.markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast Meet with a Real Lawyer on Zoom: https://kkoslawyers.com/schedule-an-appointment/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast 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_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast 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_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast Become a Certified Tax Advisor in Mark’s Program – https://mainstreetpros.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast Connect: Website: https://markjkohler.com/?utm_source=mjk-youtube&utm_medium=description-link&utm_content=solo-401k-p2-set-up-maintain-maximize&utm_campaign=main-street-business-podcast LinkedIn: https://www.linkedin.com/in/markjkohler/ Facebook: https://www.facebook.com/markkohler/ Instagram: https://www.instagram.com/markjkohler/ X: https://x.com/markkohler/ TikTok: https://www.tiktok.com/@markjkohler/ source