Digital Social Hour
Maximize Crypto Gains with This Tax-Free Strategy | Mark Kohler DSH #1296
04 Apr 2025
Ready to maximize your crypto gains while keeping Uncle Sam at bay? 💰🔥 In this episode of the Digital Social Hour, Sean Kelly sits down with tax and financial expert Mark J. Kohler to uncover the ultimate tax-free strategy for crypto investors: the Crypto Roth IRA! 🚀 Whether you're a seasoned crypto trader or just starting out, this powerful tool lets you trade and grow your investments—completely tax-free. Yes, you read that right! 🙌 But that's not all. We’re diving into why proactive tax planning is a game-changer, how to protect your assets with smart strategies, and why understanding the tax code could be your secret weapon to building wealth. From leveraging Roth IRAs to stay ahead in crypto to making sense of Trump's proposed tax cuts, this episode is packed with valuable insights and actionable tips you can't afford to miss. 💡 Mark also shares his mission to transform the accounting industry, explains how AI is shaping the future of tax strategy, and reveals the key mindset shifts that separate successful entrepreneurs from the rest. It's relatable, practical, and inspiring—saving money has never been this fun! ✨ Don't miss out on this must-watch episode. Hit that subscribe button and join the conversation now! 📺 Watch now and subscribe for more insider secrets, only on the Digital Social Hour with Sean Kelly! 🚀 CHAPTERS: 00:00 - Intro 00:26 - Mark Kohler in Vegas 02:10 - Is the Accounting Industry Broken? 04:32 - Trump and the IRS 06:28 - BOR is Dead 08:45 - Importance of Privacy 09:29 - Asset Protection Strategies 12:10 - Trump's Crypto Tax Plan Explained 16:30 - No Tax on Tips Discussion 17:59 - Interest Rates Decline 22:57 - Matt's Shocking Discoveries 24:20 - What's Next for Matt? 26:58 - Where to Find Matt Online 27:13 - Mark’s Recommended Books 27:28 - Outro APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Mark Kohler https://www.instagram.com/markjkohler/ LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ #crypto #bitcoin #moneyguyshow #financialeducation #bitcoinira
Full Episode
billion now of self-directed money of business owners that we don't we don't manage their money that's why it's self-directed you tell us what you want to invest it in we just are the portal for that as a trust company but we have a crypto roth product where you literally have an app on your phone with your through roth ira and you're just trading crypto it's and it's a gemini platform it is great so
All right, guys, got Mark here out here in Vegas. We're going to talk taxes and crypto. Exciting, right? Yeah. Let's do it. Sexy topic, I bet.
Yeah, super sexy. Well, it is tax season. Yeah, yeah. Everybody comes to Vegas to talk about taxes and now just... Yeah, it's tax season and... It's an exciting time of the year. I'm sure every day this week, this month, you'll be working 14 hours a day. You know, it's interesting you say that.
If you're, and this is a little controversial point, is that if you're busy during tax season, you're not a tax advisor. Really? My busiest time and my tax advisors is December. Because you're trying to get all your strategies in before year end. You're planning, what do I need to pay due? You know, what are my deposits and la, la, la. But April 15th, those are the people that...
they're just doing the easy returns, knocking them out. 70% of our clients extend. You actually reduce your chances of an audit. So anyway, we're not as busy at this time. October 15th is crazy. I didn't know extensions reduce the risk of audit. That's interesting. Yeah. It's good. The IRS is kind of like first come first serve.
So the more, you know, when returns get filed, they're already assigning their audits in the regional offices. So by July, all their auditors have been assigned their projects. I'm filing my tax return in October. So I'm like, you know, let all the other cows go through the cattle shoot before I get there. You know, I love that.
Yeah. That's a good point though. If you're, if you're freaking out in March, April, it's too late to incorporate strategies, right?
Yeah. It's you're looking in the rear view mirror. And so what I've been trying to do is help accountants around the country. Let's look out the front windshield. You know, what can we do more proactively and strategize? And so when you're doing tax advisor, you're busy all year long. You're like, you're still going to report taxes, but we're going to spread that out.
File extensions, send in deposits. Let's take our time. Do it right. Yeah. Do you believe the accounting industry is broken right now?
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