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Karen Scott Mims

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DeHuff UncensoredDeHuff UncensoredA Karen and poop sweats | Broncos are coming in hot | ep. 794I had an encounter with a "Karen" as I was dealing with a bad case of the poop sweats. Chimps in Zambia are sticking grass and sticks in their butts, all in the name of fashion. University of Florida is trying combat the state's python problem with motorized rabbits. You're more likely to die from a vending machine than a shark. Denver Broncos WR Marvin Mims was on Sirius XM - NFL Radio to talk about the team having belief, and it's hunger. Robert Griffin III thinks Bo Nix was the most underrated QB...2025-07-1437 minTax Smart Tax ZeroTax Smart Tax ZeroTHE TRUTH ABOUT TAX PLANNINGIn this episode we talk about the "dirty little secrets" of tax planning.We are in the remaining years of the Tax Cuts & Jobs Act, yet everyone seems to still focus on what they can't control (the stock market) and ignoring what they can control (taxes).Tax Planning By A Tax Attorney.........we cordially invite you to make this the year that you stop overpaying taxes, permanently reduce your tax liability and stop being suckered by those perpetrating "tax advice" and the government planned designed for the masses.The Millionaires In This Cul-de-Sac...2023-06-2217 minTax Smart Tax ZeroTax Smart Tax ZeroEPISODE #33-WALL STREET VS MAIN STREETDo you represent Wall Street or Main Street? Or, are you just the "Mom & Pop" investor who doesn't go beyond mutual funds and has really just been living a 401(k) existence? In other words, have you just been financing Wall Street and the 1%? We have been quietly rebelling against taxation and investing via the traditional methods. Ready for a change? We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. JOIN OUR EMAIL LIST: https://www.signup.taxsmarttaxzero.com/ (https://www.signup.taxsmarttaxzero.com ) VSIT OUR WEBSITE: https://www.taxsmarttaxzero.com/ (https://www.TAXSMARTTAXZERO...2021-02-0220 minTax Smart Tax ZeroTax Smart Tax ZeroEPISODE #32-THE EXTRA $185,000 TAX LIABILITY (DOCTORS GONE WRONG)You've just received great news about your bonus/settlement. The bad news is that it's taxable. How do you implement tax strategies to avoid being sent into a higher tax bracket? Average Joe and Jane have a issue to solve. We can help but leave those emotions at the door. The "Core Four", business owners, real estate investors, physicians and executives need to battle excessive taxation and W-I-N. Let us show you how!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. JOIN OUR EMAIL LIST: https://www.signup.taxsmarttaxzero.com/ (https://www.signup...2021-01-0420 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 31- NO MORE IRS?So today, Congress just wrote another check for $970 billion in a bank account with no money. It's been pre-decided that collecting more taxation on your 401(k) during your lifetime and taxing your heirs before even a $1 gets transferred to them through this new Secure Act Legislation will help foot the bill. Hundreds of thousands of dollars in extra taxes that you want to keep paying? No more...........isn't about time for your complimentary consultation......or is overpaying taxes your secret wish for Christmas? We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. JOIN OUR...2020-12-2120 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 30 - FOR WOMEN - STRATEGIC PLANNING IN HEALTHCAREStudies have shown that women will outlive their spouses. They will inevitably become the CFO (Chief Female Financial Officer) of the household. Thus, it would seem that relying on your husband to make health care decisions could be disastrous. Join us as we discuss how a tiny bit of ignorance can lead to hundreds of thousands of dollars in extra cost while a little bit of knowledge can lead to hundreds of thousands of dollars of tax free funds for health care. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero...2020-12-1031 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 29 -SOLO 401(k) vs SEP IRABoth of these types of plans allow business owners to save for retirement in amounts far in excess of those for a regular W-2 employee. Imagine being able to shield 100% of income from taxation by combining them with other more sophisticated tax strategies. More importantly, just doing the same job but transferring from W-2 to "1099" status makes you eligible!!!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.TAXSMARTTAXZERO.com/)2020-11-3024 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 28 - HOW TO CONTRIBUTE TO A TRADITIONAL IRASome benefits of the tax code are in sections you've never been exposed to or heard of. Others are hiding in plain view but require that the 99% view them or utilize them like the wealthy 1% do. If you're going to change your tax liability, you must first change your behavior followed by your willingness to understand true, hidden nuggets of tax strategy. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.KARENSCOTTMIMS.com/)2020-11-2323 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 27 - INVESTING FOR WOMENIt's time for some "Wealth, Women & Power". As women rightfully claim their roles as CFO (Chief Female Financial Officer), we provide the necessary educational and support group to help in understanding the ABC's of investing. Click the link below to join our "Wealth, Women & Power" mailing list!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.KARENSCOTTMIMS.com/) JOIN THE MAILING LIST https://dedicated-motivator-9965.ck.page/ (https://dedicated-motivator-9965.ck.page)2020-11-1523 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 25 - YOU'RE FIRED!With all of the options under the Tax Code for small business owners to minimize if not outright eliminate taxes, is being a W-2 employee really the ideal situation? If you choose to remain as a W-2 employee, at least you should make use of those 3 pieces of tax legislation lest they are soon to vanish and maybe faster than you thought!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.KARENSCOTTMIMS.com/) JOIN THE MAILING LIST https://dedicated-motivator-9965.ck.page (https://dedicated-motivator-9965.ck.page)2020-11-0824 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 25 - WHO'S BETTER FOR MY PORTFOLIO? - TRUMP OR BIDEN?Join us as we discuss the true issues about your portfolio that deserve attention. At what point do we realize that there are other, more valid, measuring criteria on our journey to "tax free" wealth? We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.KARENSCOTTMIMS.com/)2020-11-0124 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 24 - WHAT IS A FINANCIAL PLAN?In today's society, we've become accustomed to using Google maps to guide us safely to our destination. Yet, for the most important goal of going from money to wealth to 100% financial freedom, we lack a financial blueprint. Join us as we learn the who, what, why and how to formulate a Financial Plan, better known as "Waze For Your Wealth". We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.KARENSCOTTMIMS.com/)2020-10-2631 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 23 - SMALL BUSINESS OWNER RETIREMENT STRATEGIESIn this episode, we explore the proposed increase in taxes under a Biden Tax Plan. Think the new 39.6% won't affect you if you earn less than $400,00? Think again and let's explore your options for a better solution and better outcome. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.KARENSCOTTMIMS.com/ (https://www.taxsmarttaxzero.com/)2020-10-1824 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 22 - INTRODUCING THE TAX STRATEGISTWhat's the difference between Tax Compliance vs. Tax Strategy? If your goal is a lower taxable income and thus lower or 0% taxation, shouldn't your focus go beyond just hiring someone to prepare and submit the 1040? We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.KARENSCOTTMIMS.com/ (https://www.taxsmarttaxzero.com/)2020-10-1132 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 21 - SO APPARENTLY SOMEONE ELSE LIKES OUR CONCEPT "ZERO IS MY HEROIn this episode, we discuss and provide examples of generational wealth. We explore some very interesting methods in which successive generations can benefit albeit while minimizing or eliminating the tax burden from the transfer of wealth. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.KARENSCOTTMIMS.com/ (https://www.taxsmarttaxzero.com/)2020-10-0334 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 20 - EXAMPLES OF GENERATIONAL WEALTHDo I still pay social security payroll tax in retirement? Isn't my social security benefit free of taxation since I'm retired? Unfortunately, the answer is not an automatic yes, simply because you are retired. In this episode we explore the 3 layers of (1) maximizing the dollar amount of benefit (2) avoiding taxation of the benefit and (3) using strategy and loopholes to achieve other valuable benefits. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.KARENSCOTTMIMS.com/ (https://www.taxsmarttaxzero.com/)2020-09-2700 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 19 -DO I PAY SOCIAL SECURITY TAX WHEN I RETIRE?Recent events of this year have caused many people to focus on market risk. There are 2 types systematic and unsystematic. Systematic risk cannot be eliminated through diversification. However, taxation risk is also a consideration which must be addressed. Tax control is possible and merely requires that you recognize the causes of increased taxation and the SMART (strategy, math, analysis, retirement, tax favored status) method to start on the path to the 0A% tax bracket. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.KARENSCOTTMIMS.com/ (https://www.taxsmarttaxzero.com/)2020-09-1900 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 18 -TAX CONTROL AND UNDERSTANDING TAX RISKRecent events of this year have caused many people to focus on market risk. There are 2 types systematic and unsystematic. Systematic risk cannot be eliminated through diversification. However, taxation risk is also a consideration which must be addressed. Tax control is possible and merely requires that you recognize the causes of increased taxation and the SMART (strategy, math, analysis, retirement, tax favored status) method to start on the path to the 0% tax bracket. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.taxsmarttaxzero.com/)2020-09-1200 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 17 - TAX PLANNINGWhat are the tax implications of your investment strategy as you prepare for the withdrawal phase of wealth? Let's start with understanding tax planning for your investment portfolio. Want to pay lower taxes? How about just learning how to reduce taxable income? Your tax liability is a function of (1) taxable income and (2) tax rate. One is set by the government but the other is completely in your hands!!!!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.taxsmarttaxzero.com/) *************************************************************2020-09-0500 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 16 - AVOIDING PROBATE-TRANSFER ON DEATHThe estate administration process is often long (9 months or more), tedious, and sometimes fraught with litigation. In this episode we review the 3 major strategies for avoiding probate. As always, tax deferred funds, whether in a 401(k) or traditional IRA require caution, expertise, education and avoiding the tax traps. Don't think that Joint Tenants With Right of Survivorship solves everything!!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.taxsmarttaxzero.com/)2020-08-3000 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 15 - THE SECURE ACT, RMD's & INHERITED IRA'sAverage Joe is the new owner of an traditional IRA which he has just inherited from his Aunt. Unfortunately, as the owner of an "Inherited IRA" there are so many tax landmines which he must avoid, especially since he is a "non-spouse" beneficiary, and different tax laws apply. What should he know about RMD's (required minimum distributions) and how they have changed under the new SECURE ACT? He was surprised to know that RMD's apply to him even though he is younger than 72. How can he avoid further taxation and how does he "empty" the account without incurring the 50% penalty? ...2020-08-2100 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 14 - CLIMBING THE ROTH CONVERSION LADDERA Roth Conversion Ladder is typically utilized for those who seek to create and utilize tax free funds prior to turning age 59 1/2 while avoiding the penalty for early withdrawals. Performing mini-Roth Conversions over a 5 year period is also a savvy idea for those over age 60 who seek to strategically perform multiple conversions. Take advantage of the lower tax brackets under the TCJA, and "buyout" Uncle Sam prior to age 72. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.taxsmarttaxzero.com/)2020-08-1400 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 13 - THE MATHEMATICS OF CAPITAL GAINS & MEDICARE IRMAAMedicare IRMAA is a surcharge paid when MAGI is beyond the "normal" level of acceptable retirement income. Just $1 additional dollar can send you off the cliff into a different bracket for premiums on Parts B and Part D. Learning how to restructure wealth and produce tax free income could save thousands of dollars in unnecessary Medicare premiums. Between choosing the wrong plan, a late enrollment and having too much MAGI, it can be a very costly experience. We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. https://www.taxsmarttaxzero.com/ (https://www.taxsmarttaxzero.com/) ************************************************************* ...2020-08-0700 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 12 - CONQUERING CAPITAL GAINS (REAL ESTATE EDITION)Currently, inheriting real estate allows a step up in basis due to death. Is it wise to keep the rental properties, generate retirement income by this alternative asset class and worry about capital gains later? What if the step up in basis is abolished under new tax law? Is establishing a QPRT (qualified personal residence trust) a good idea? After inheriting property, should the beneficiary change their current estate plan or make one and consider their own Irrevocable Trust? When is an Irrevocable Living Trust best utilized? We cordially invite you to start your journey to tax-free wealth. Karen Scott...2020-07-3100 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 11 - BLUEPRINT OF A SAFE MONEY MILLIONAIREIt’s our belief that wealth and the ability to manage it effectively requires knowledge, expertise and, at a minimum, needs to incorporate that which threatens to destroy it the most: taxation. While that simple word can be temporarily ignored during the accumulation stage of wealth, it unfortunately becomes something that can dramatically erode your hard- earned savings in the distribution and transfer phases of wealth. Wealth inequality and the lack of understanding about the complex area of taxation are two of the biggest factors that cause not an increase in multi-generational wealth but instead result in successive generations left to...2020-07-2400 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 10- MONEY & MARRIAGE VS WEALTH & WISDOMIt’s our belief that wealth and the ability to manage it effectively requires knowledge, expertise and, at a minimum, needs to incorporate that which threatens to destroy it the most: taxation. While that simple word can be temporarily ignored during the accumulation stage of wealth, it unfortunately becomes something that can dramatically erode your hard- earned savings in the distribution and transfer phases of wealth. Wealth inequality and the lack of understanding about the complex area of taxation are two of the biggest factors that cause not an increase in multi-generational wealth but instead result in successive generations left to...2020-07-1300 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 9 - THE LAST WILL AND TESTAMENT THAT WON''TIt’s our belief that wealth and the ability to manage it effectively requires knowledge, expertise and, at a minimum, needs to incorporate that which threatens to destroy it the most: taxation. While that simple word can be temporarily ignored during the accumulation stage of wealth, it unfortunately becomes something that can dramatically erode your hard- earned savings in the distribution and transfer phases of wealth. Wealth inequality and the lack of understanding about the complex area of taxation are two of the biggest factors that cause not an increase in multi-generational wealth but instead result in successive generations left to...2020-06-2400 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 8 - THE CARES ACTIt’s our belief that wealth and the ability to manage it effectively requires knowledge, expertise and, at a minimum, needs to incorporate that which threatens to destroy it the most: taxation. While that simple word can be temporarily ignored during the accumulation stage of wealth, it unfortunately becomes something that can dramatically erode your hard- earned savings in the distribution and transfer phases of wealth. Wealth inequality and the lack of understanding about the complex area of taxation are two of the biggest factors that cause not an increase in multi-generational wealth but instead result in successive generations left to...2020-06-2000 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 7- THE NEW ROIIt’s our belief that wealth and the ability to manage it effectively requires knowledge, expertise and, at a minimum, needs to incorporate that which threatens to destroy it the most: taxation. While that simple word can be temporarily ignored during the accumulation stage of wealth, it unfortunately becomes something that can dramatically erode your hard- earned savings in the distribution and transfer phases of wealth. Wealth inequality and the lack of understanding about the complex area of taxation are two of the biggest factors that cause not an increase in multi-generational wealth but instead result in successive generations left to...2020-06-0500 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 6 - CRD’S & THE $100K GIFT INSIDEMost people simply ignore taxation through the 4 phases of wealth. Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket. How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do? Easy.  Welcome to the Tax-Smart Tax Zero podcast. This is a show all about TAX-FREE wealth.  Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to...2020-05-2200 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 5 - WHAT THE HEALTH IS "45" DOING?Most people simply ignore taxation through the 4 phases of wealth. Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket. How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do? Easy. Welcome to the Tax-Smart Tax Zero podcast. This is a show all about TAX-FREE wealth. Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on...2020-05-2200 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 4 - THE DISTRIBUTION PHASEMost people simply ignore taxation through the 4 phases of wealth. Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket. How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do? Easy. Welcome to the Tax-Smart Tax Zero podcast. This is a show all about TAX-FREE wealth. Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on...2020-05-2100 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 3 - SIMILAR BUT SABOTAGEDFor most people turning age 65 signals the end of employer provided healthcare and the start of Medicare. While Medicare offers the same coverage to everyone and provides lots of choices, there is one item for which you aren't necessarily given a choice; that of cost. Join us as we discuss the "Medicare Cliff", IRMAA and much more that you thought you understood but perhaps never really did!!! We cordially invite you to start your journey to tax-free wealth. Karen Scott Mims, ESQ. JOIN THE MAILING LIST: https://www.signup.taxsmarttaxzero.com/ (https://www.signup.taxsmarttaxzero.com) VISIT OUR WEBSITE: https...2020-05-2129 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 2 - PRIVILEGEMost people simply ignore taxation through the 4 phases of wealth. Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket. How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do? Easy. Welcome to the Tax-Smart Tax Zero podcast. This is a show all about TAX-FREE wealth. Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on...2020-05-2128 minTax Smart Tax ZeroTax Smart Tax ZeroTAX SMART TAX ZERO - EP 1 - INTRODUCTIONMost people simply ignore taxation through the 4 phases of wealth. Instead of understanding the three tax buckets, they arrive at retirement with huge 401(k)’s in the tax-deferred bucket, and ignore the taxable and most importantly, tax-free bucket. How can the middle- class millionaire, average Joe and Jane, be so unprepared about how to protect their wealth using tax loopholes like the wealthy 1 percenters do? Easy. Welcome to the Tax-Smart Tax Zero podcast. This is a show all about TAX-FREE wealth. Financial advisors sell rate of return, annuity salesman sells what else annuities and part-time tax preparers sell 1040 to submit on...2020-05-2108 min