Kohler - The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions

Mark is a superhero of super-smart tax and legal strategies for businesses. He has the power to keep his clients safe from paying too much in taxes. In The Tax & Legal Playbook, Mark offers amazing tax strategies that allow you to keep more of your hard-earned income.

J. MASSEY, AUTHOR, CEO, AND FOUNDER OF THE CASH FLOW DIARY

Mark Kohler is the go-to source for tax and legal guidance for small businesses. This is a must read for any business owner.

MATT ALLEN, AUTHOR OF LEVERAGE YOUR IRA AND EXPERT ON IRA LENDING

If youre trying to change your financial habits, save money, and build wealth, then having The Tax & Legal Playbook as a resource is critical to your success.

CAPPI PIDWELL, INTERNATIONALLY ACCLAIMED SPEAKER AND EXPERT ON HUMAN BEHAVIOR, NLP, AND HYPNOTHERAPY

Tax and legal advice plus a playbook of strategies are what every business owner needs. Marks book was written as if he were hired to be your personal consultant providing you the opportunity to build your personalized plan and be on top of your game.

ELINOR STUTZ, AUTHOR OF NICE GIRLS DO GET THE SALE AND INSPIRED BUSINESS

Mark is one of the most knowledgeable CPAs I know when it comes to self-directing your retirement plan. Any serious investor that wants to invest in real estate or a small business using their retirement funds should read this book.

JEREMY AMES, PRESIDENT OF GUIDANT FINANCIAL GROUP, RANKED IN THE TOP 1,000 SMALL BUSINESSES IN AMERICA BY INC. MAGAZINE

Marks book and teachings are an absolute necessity for real estate investors and those wanting to build wealth in the real estate industry.

BOB SNYDER, PRESIDENT AND FOUNDER OF RENATUS, A NATIONAL LEADER IN ONLINE REAL ESTATE EDUCATION

Business owners need expert tax and legal advice. That is why you need Mark Kohler! He is an expert on these matters and his content is outstanding.

ERIC LOFHOLM, MASTER SALES TRAINER AND AUTHOR OF HOW TO SELL IN THE NEW ECONOMY

Entrepreneur Press, Publisher

Cover Design: Andrew Welyczko

Production and Composition: Eliot House Productions

2015 by Entrepreneur Media, Inc.

All rights reserved.

Reproduction or translation of any part of this work beyond that permitted by Section 107 or 108 of the 1976 United States Copyright Act without permission of the copyright owner is unlawful. Requests for permission or further information should be addressed to the Business Products Division, Entrepreneur Media Inc.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

ebook ISBN: 978-1-61308-305-5

This book is dedicated to the amazing staff in my law and accounting firms helping clients receive a proper tax and legal game plan.

CONTENTS

I cant I cant thank my family enough for their support during the many hours I spend at work and on projects such as this book. My amazing wife, Jennifer, and wonderful children, Dillon, Allison, Sydney, and Molly, truly believe in my mission to share this important information with our fellow Americans and taxpayers. I couldnt do it without them. Please thank them if you see them.

Thanks to my law partner, Mat Sorensen, who contributed a tremendous amount of content, support, and resources on various topics. His book, The Self Directed IRA Handbook, has set a high bar for me in my writing efforts. He is truly brilliant. Thank you to my accounting firm partner, LaDell Eyre, who supported me in my dream to write this book, and his work verifying strategies and tax law was a huge help.

It has also been an amazing blessing to have a full-time personal assistant for the first time in my career. Elizabeth Phillips has helped me accomplish more than I could have imagined this year. She is intelligent, wise, highly educated, and always cheerful in the performance of her duties. I also want acknowledge all of my incredible staff at the law firm and accounting firms, who are consistently patient with my heavy workload and the time I took away from other duties to write this book.

E ven if you arent a sports fan, the concept of having a game plan before heading into an athletic event shouldnt be a foreign concept. In fact, I think we can all agree that if a team or an individual taking part in a serious competition doesnt have a game plan before starting, the likelihood of success will be minimal. Even in a friendly backyard game of one-on-one basketball, you would quickly devise your plan of attack, whether its focusing on outside shots or taking your buddy to the hoop with aggressive layups.

Business and tax planning couldnt be any more similar. It is absolutely critical to have a variety of plans in place for the different games you may play in the tax and legal arena. Just as in sports, if you dont research and devise well-thought-out strategies as you build your business, you could lose not just your shirt (or thousands of dollars), but also years of your life with wasted time and stress.

But where does a small-business owner turn? There has to be an existing playbook with strategies that can help you in your struggles and decisions. But how do you know if those answers fit your situation? How can you trust what youre reading? Regrettably, millions of entrepreneurs across the U.S. face these problems each year, never quite finding the comprehensive analysis of their tax and legal structure they desperately need.

The unlucky ones are instead bombarded by self-proclaimed gurus who use coaching systems run by unlicensed and unqualified staff to sell their overpriced game plans without tailoring them to the clients situation. Others are trapped in relationships with CPAs and lawyers inherited from their familyadvisors they cant fire out of loyalty, even though they are stuck in a rut of outdated strategies. If these situations werent troubling enough, add to the mix the do-it-yourself websites and software that enable entrepreneurs to screw up their tax or legal planning with the click of a button.

Do any of these situations sound familiar? Like millions of entrepreneurs across the country, you may very well be searching for the best tax and legal approach to running your business. You deserve regular consultations and game plans that are comprehensive, understandable, affordable, and tailored to you and your business. Sadly, too many entrepreneurs never get such advice.

Athletes facing the same struggle of how to win turn to coaches with credentials and experience for guidance in training and building their game plans. You can do the same. You can learn the basics to become the captain of your own team, directing your players with a broad understanding of the rewards and pitfalls of quality tax and legal planning.

As a certified public accountant and lawyer, I can say with great confidence that finding a professional skilled in both legal and tax matters is a rarity in the small-business world. Most professionals with my training end up in big business, working for Fortune 500 goliaths. However, I chose to dedicate my career to helping small-business owners. And not only have I spent 15 years helping both new and seasoned entrepreneurs, I myself have started, failed, and succeeded in several enterprises. I know the challenges small businesses face, and I know the legal and tax strategies that can help you save on taxes, protect your assets, plan for retirement, and succeed in your version of the American Dream. Watch out for any coach or advisor with lesser credentials.