MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Save on Taxes By Paying Family Through Your Business

18 Nov 2025 · 1 min

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This content was created by MARK KOHLER. This content was uploaded by MARK KOHLER. This is a YouTube video titled "Save on Taxes By Paying Family Through Your Business" (created 2025-11-18T22:00:31Z) featuring MARK KOHLER speaking in English. The excerpt is a tax-advice segment in which Kohler cautions against improperly paying family members to obtain tax deductions — stressing that payments must be legitimate, properly documented, and timed (you cannot retroactively manufacture payments in January), noting issues with 1099s and payments to minors, and recommending formal roles (e.g., board/advisors) rather than ad hoc payments.

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This is huge. Paying any other family members before you're in. You can't just roll into January, February, and say, oh, I paid my kids last year, or I paid my spouse or my grandkids or my parents. I paid them. And you want a tax write off because they're in a lower tax bracket. And this is an important strategy that must be legit. Let's have all of these important family members on your board of advisors. Board of directors. And if you're going to pay your kids under age 18 or over age 18, you can't just 1099 them in January, which you would never do to a kid under 18. The list goes on and on. Please look at this. You can't just manufacture this out of thin air in January. Super important.