Weekly Message | Articles | Deadlines | Show: Protecting the Corporate Veil

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Mark J Kohler, CPA, Attorney, and Mathew N. Sorensen, Attorney // September 15th, 2015

Weekly Message- “Bite Size Pieces”..Over the past few weeks I have met with clients that have been overwhelmed with the thoughts of having an actual financial plan, saving taxes or even a business structure they can understand and maintain…and don’t even throw bookkeeping into the mix. Many of you may feel this way and give up doing anything at all and become apathetic and at the least frustrated with what to do next.

I want to compliment many of you for even opening this email and reading this message – as it shows effort to NOT give up and keep trying.

Let me suggest the following…go to your happy place (a park, the mountains, the woods, the beach, anywhere you can gather your thoughts). When you get there make a list of all the things you wish you could accomplish with your business, financial, tax and legal planning. Take away the constraints of time and money and just make a list.

Now…once you have the list, just make a goal to accomplish 1 item a month. Pick one you know you can accomplish and only focus on that one. Before you know it, you’ll be making significant headway and the stress in this complex are of your life will start to melt away. Good luck and don’t give up!! MJK

Upcoming Important Deadlines:

Corporate Tax Returns Due TODAY!!…FINAL due date for filing 2014 tax returns for calendar-year corporations (S-Corps 1120s and C-Corps 1120 Tax Returns).

LLC Tax Returns Due TODAY!!…FINAL due date for filing 2014 1065 Tax Returns for Limited Liability Companies (LLCs).

Trust Tax Returns Due TODAY!!…Final due date for 2014 Trust 1041 Tax Returns.

3rd Quarter Estimated Tax Payments for 2015 Due TODAY!!

October 15th- Personal Tax Returns Due…If you extended your tax return back in April, it’s the FINAL due date for filing 2014 1040 Tax Returns.

If you need assistance with bookkeeping, payroll, or tax return preparation contact our New Client Administrator at K&E CPAs, Sandy Clark, at 435-865-5866 or email her at sclark.

THURSDAY’S RADIO SHOW- “How to Protect the Corporate Veil”…If you set up an LLC or a Corporation it’s critical to make sure it provides the protection you planned for. However, it doesn’t happen automatically. Mark and Mat will cover the steps, procedures and tips to properly form and maintain your entity. If you don’t follow the law on how to operate your entity, you can’t use the law to protect you if something goes wrong. Don’t miss this show if you own an LLC or Corporation. The Show will broadcast LIVE at 7pm EST / 4pm PST, Thursday September 17th on BizTalkRadio, AM Stations Nationwide and iTunes!!. You can listen HERE or through several methods if you miss the show at www.refreshyourwealth.com.

LAST WEEK’S RADIO SHOW: “Coordinating Your Financial Plan with Your Tax Planning…Yes…You need to coordinate the two plans, but how difficult is it to get your financial planner and CPA on the “same page”? Sometimes it’s very difficult. Join Mark and Mat with their favorite financial advisor Randy Luebke as they discuss options and strategies to build wealth, diversify your portfolio and save taxes at the same time. Randy Luebke js the president of Lifetime Paradigm, Licensed Mortgage Broker, Registered Investment Advisor, and Real Estate Broker. This will be a power packed panel giving you numerous options and strategies to consider. Don’t miss this episode of the Refresh Your Wealth Show!! …If you missed the show LIVE, you can listen to it here.

“California Rollover IRAs can Receive ERISA Style Creditor Protection’”, by Mat Sorensen…Have you rolled over your 401(K) plan or other employer based plan to a rollover IRA? Has someone told you that your rollover IRA in California isn’t protected from creditors. They’re wrong.Retirement plans are known for being great places to build wealth and they have numerous tax and legal advantages. One of the key benefits of building wealth in a retirement account is that those funds are generally exempt from creditors….Read more here.

“Why Friends and Family Could Be Your Worst Business Enemies?”, by Mark J. Kohler…Every week our firm gets phone calls from clients around the country who have lost their money by investing with friends, family or neighbors they trusted. In nearly every case, in the beginning there was a guarantee of unusually high returns with no risk, and of course the promises of success from a trusted relationship. However, by the time they call our office, the money is gone, their calls are being ignored and they need legal advice on what to do next….Read more here.

“Don’t Lose Your Trademark: 3 Additional Filings You Must Know”, by Jarom Bergeson…You’ve registered a trademark with the USPTO, but have you made subsequent Section 8 (after 5 years) and Section 9 filings (after 9 years) to maintain your trademark? If not, the USPTO will cancel your trademark. This article summarizes the three key trademark maintenance requirements every business owner should know. The idea of taking the time and effort to maintain the property we own certainly isn’t a foreign concept. We know we need to perform maintenance and repairs on our personal residences and other real estate holdings in order to preserve their value. …Read more here.

“Back-to-School Tips for Students and Parents Paying College Expenses “, by Mark J. Kohler..As I am now a parent with three kids in college, this topic has never become more important to me than it is now. Let’s break this down into three distinct groups. 1) Those already stressed out and having to deal with paying for a student in college now; 2) Those of you who are already paying back student loans and are hoping for a write-off; and 3) Those of you that have the luxury of a few years before a child goes to college and don’t realize how fast it is coming….Read more here.

“Why Purchase a Rental Property Before the end of the Year?”, by Mark J. Kohler…This may seem bold to hear from your CPA. I’m not a realtor selling you real estate, but as a tax lawyer, I am actually trying to help you save taxes and build wealth at the same time. I also realize that there may not be enough time to research, complete your due diligence and purchase a rental by the end of the year. However, I would at least like to encourage you to consider it and get the process started. Maybe you already have a deal in the works. As I mentioned above, a good rental property strategy will not only to build an incredible long-term and sometimes immediate tax strategy, it will inevitably build wealth for future retirement and should provide current cash flow benefits if you choose wisely….Read more here.

“Arbitration versus Court – You have options!!”… by Lee Chen..When you agree to arbitration, you are essentially waiving your right to a trial by jury, and instead, agreeing to have your dispute decided by an arbitrator or a dispute resolution company which could be, but does not always have to be a retired judge, attorney or referee. Many feel there are two important benefits to consider…Read more here.


Don’t click a mouse on a national website and screw up the process

Meet with a Lawyer at KKOS and make sure it’s done right!!

Full Service Lawyer Support Plan” ANY entity in ALL 50 States for $800 + filing fee

– Take out the Guess Work

– Meet with a REAL Lawyer multiple times with Paralegal support during the entire process!!

– All Mailing costs included

– All Legal Documents included

– All IRS Forms included

– Corporate Book and Certificates


– ONLY the state filing fee (which you had to pay anyway)

“Discount Paralegal Service Plan” everything above minus (-) the Lawyer for only $400 + Filing Fees. Cheaper than LegalZoom:

Please contact Shantelle Williams at 888-801-0010 or email her at shantelle to schedule an appointment with any of our attorneys.

Check out My New Tax App to Track Mileage with GPS and Snap photos of Receipts!!!

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How to Protect

The Corporate Veil

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September 15th- TONIGHT
Free Webinar- “Understanding UBIT & 990-T Tax Returns for Self Directed IRA Speaker: Mat Sorensen. Sponsored by Polycomp Trust Company. 7pm- PST Register here.

September 16th- TONIGHT
Free Webinar- Self Directed Retirement Plans & Real Estate Investing

Speaker: Mat Sorensen. Sponsored by New Wealth Advisors. 4-7pm- PST

Call 951-729-5659 to Register.

2015 Tax and Legal Update!! FALL Workshops- 5 Locations:

Speaker: Mark Kohler

Seattle – October 3rd

Sacramento– October 10th

Philadelphia – November 14th

Honolulu – November 21st

Orange County– December 12th

$199 and includes Lunch- Full Day of Training. More info and Register Here.

What You will Learn at

My FALL Workshop

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Special Book Offers to
Help you Build Your Wealth!!

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New Podcast on ITunes

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KKOS Lawyers and K&E CPA’s
1883 W Royal Hunte Dr, Ste 200
Cedar City, Utah 84720
United States
(888) 801-0010


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Author: Anna

We help families in Hawaii achieve financial freedom and the lifestyle they’ve always dreamt of by empowering them with financial education and money strategies to make more money, save more money, so their money can work for them.

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