In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen provide insights and tips specifically geared towards those with a side hustle. They dive into a wide range of topics, from tax planning strategies to the importance of claiming all income.

Here's what you can look forward to:

• Detailed advice on preparing your tax return, particularly when dealing with a 1099 for the first time.
• The importance of claiming all income, whether it comes with a 1099 or not, to avoid potential issues with the IRS.
• Tips on maximizing your tax write-offs, including creative suggestions like home office, auto expenses, dining, and travel.
• Discussion on the role of entities like LLCs and S corporations in tax savings, and when it might be beneficial to consider them for your side hustle.
• Insight into forward-thinking strategies such as making contributions to solo 401(k) and Health Savings Account (HSA) to reduce your tax burden.

This episode is a must-listen for anyone looking to optimize their side hustle and navigate their tax obligations effectively.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!