America’s #1 Small Business Tax Lawyer Attorney | CPA | Speaker | Author | Podcast Host
Phoenix, AZ
Joined May 2009
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Just a reminder: this is my only official account on X. We run into a lot of fake accounts pretending to be me. My team works hard to report them, but please be cautious and don’t share personal info or engage with anyone claiming to be me.
WE’RE LIVE!
Mat Sorensen and I are discussing our TOP year-end tax strategies for small business owners.
Deductions, business structure, retirement planning, and more.
It’s not too late to join. Listen to the conversation: hubs.ly/Q04Dr_MY0
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What tax deductions are you missing before December 31?
Mat Sorensen and I are going LIVE at 2 PM PT to discuss year-end tax strategies for small business owners.
Join us FREE: hubs.ly/Q04Dr_MY0
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According to the Bureau of Labor Statistics, consumer prices rose another 0.4% in October.
For families and small businesses, inflation is more than a statistic. It’s a real expense.
Are you seeing these increases in your everyday spending?
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Don’t wait until it’s time to file your 1099s to learn this:
The IRS is retiring its FIRE system, and November 19 is the final filing deadline.
IRIS takes over in January 2027.
Get familiar with the new system now.
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Making more money doesn’t mean you’re keeping more of it.
The problem? Waiting until tax season to start planning.
The solution? Make your tax decisions before year-end.
Join my Nov. 19–20 workshop: hubs.ly/Q04DrZsm0
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NEW TODAY: The USDA has changed its mortgage rules for eligible rural homebuyers.
Real estate commissions no longer count toward the program’s 6% seller-concession limit.
That could leave more room for sellers to help buyers cover closing costs.
The new rule takes effect TODAY.
6,576 Opportunity Zones were just designated across America.
Why does this matter?
Because eligible investments in these areas can come with significant capital gains tax advantages.
Real estate investors, pay attention.
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Your IRA isn’t married to Wall Street.
Real estate. Private lending. Private businesses.
A Self-Directed IRA can open the door to eligible alternative investments. Understand the risks and IRS rules first.
Explore your options: directedira.com/appointment/…
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Mark J. Kohler retweeted
The 🇺🇸 IRS just released the capital gains tax brackets for 2027
Single filers:
0%: up to $51,050 in taxable income
15%: $51,051 to $563,200
20%: over $563,200
Married filing jointly:
0%: up to $102,100
15%: $102,101 to $633,600
20%: over $633,600
The 0% bracket rose by $1,600 for single filers and $3,200 for married couples from 2026.
🇺🇸 THE IRS JUST RAISED THE 0% CAPITAL GAINS BRACKET FOR 2027
If your taxable income stays under these limits, you pay 0% federal tax on long-term gains, per CNBC:
Single: $51,050
Married: $102,100
"Long-term" means you held the investment for more than 1 year.
"Taxable income" is your income after deductions. The standard deduction for 2027:
Single: $16,600
Married: $33,200
So a married couple taking the standard deduction can make about $135,300 in total, gains included, and still pay 0% on those gains.
Mortgage rates just fell for the THIRD consecutive week.
The average 30-year fixed rate is now 7.18%.
That’s welcome news for buyers, but affordability remains a serious problem in the housing market.
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Your health insurance could be a tax-saving opportunity.
An HSA offers THREE potential tax benefits, and December 1 matters for 2026 planning.
I’ve got articles and two upcoming year-end tax planning events to help you prepare.
Articles: markjkohler.com/blog
Webinar with @matsorensen: hubs.ly/Q04Dr_St0
Workshop: hubs.ly/Q04DrZSR0
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Mark J. Kohler retweeted
The IRS just released the 2027 federal income tax brackets.
The income thresholds went up 3.2%. Make sure your paycheck did too.
The biggest jump is from 12% to 22%. The tax rate on your next dollar almost doubles.
For $1,000 taxed entirely at 12%, you owe $120. At 22%, you owe $220.
That’s an extra $100 in federal income tax on the same $1,000.
Single filers:
10%: $12,800 or less
12%: over $12,800
22%: over $52,025
24%: over $109,125
32%: over $208,325
35%: over $264,550
37%: over $661,375
Married filing jointly:
10%: $25,600 or less
12%: over $25,600
22%: over $104,050
24%: over $218,250
32%: over $416,650
35%: over $529,100
37%: over $793,650
The jump from 12% to 22% is the middle finger to the middle class.
According to the Bureau of Labor Statistics, the U.S. added 165,000 jobs in October, with unemployment falling to 4.1%.
Business owners, does this reflect what you’re experiencing, or are you still struggling to find qualified employees?
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Tax professionals spend the entire year reminding clients about deadlines.
Now here’s one for US.
PTIN renewals are due December 31.
It’s not complicated. It’s not expensive. But it’s one of those things that’s easy to overlook when you’re busy preparing for the next filing season.
Put it on your checklist.
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Nearly $3 TRILLION wiped from U.S. stocks in ONE trading session.
The market hasn’t seen a selloff this severe since the April 2025 tariff crash.
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Florida just approved a HUGE property tax change.
Homeowners could see major relief starting in 2027, and rental property investors are getting a lower assessment-growth cap.
But don’t confuse a lower assessment cap with a guaranteed lower tax bill.
Big difference.
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Imagine getting hit with a 25% tax penalty because you FORGOT to withdraw money from your own retirement account.
That’s a real possibility with Required Minimum Distributions.
If you’re subject to RMD rules, December 31 is generally your deadline. And if you inherited an IRA, don’t assume the rules are the same. Check your accounts BEFORE year-end.
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Real Estate Tax Hacks You NEED to Know Before 2026 Ends xitter.cf/i/broadcasts/2RezrzWjY…
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Could you be overlooking valuable real estate tax deductions?
Cost segregation, depreciation, and year-end planning can make a significant difference.
We’re LIVE in ONE HOUR at 3 PM PT!
Join me: youtube.com/live/O9KYrCwadFE…
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Democrats just won control of BOTH the House and Senate.
So what happens to your taxes?
For now, NOTHING automatically changes.
Your S-Corp deductions, retirement accounts, capital gains rules, and business tax benefits are still governed by existing law.
But tax legislation, healthcare subsidies, and tariffs could all become major battles in Congress.
Business owners, don’t make expensive financial decisions based on election headlines. Watch what actually becomes LAW.
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