Episode Details

In this 30-minute episode of Healthy Mind, Healthy Life, tax expert Carlotta Thompson (founder & CEO of Tax Strategies of America) breaks down practical, legal tax strategies that help entrepreneurs keep more capital and scale faster. Carlotta—an ex-IRS agent turned advocate—explains overlooked credits vs. deductions, when to upgrade from DIY tax software to a professional, and how tax clarity removes the mental drag that limits business growth. If you run a small business or own rental property, this episode gives actionable steps to reduce tax liability, reclaim focus, and use tax-smart moves to build long-term wealth.

About the guest:

Carlotta Thompson is founder & CEO of Tax Strategies of America and an ex-IRS agent who now helps entrepreneurs and real-estate investors minimize tax legally. She runs trainings and the Pathway to Zero program that teach practical credits, deductions, and structural moves to scale wealth.

Key takeaways:

• Taxes are a common mental block for entrepreneurs; getting tax problems under control frees energy to grow your business.

• When net business income (after expenses) reaches ~$40,000, invest in a qualified tax professional — TurboTax generally won’t capture advanced strategies.

• Distinguish tax credits (government pays you to do things) from deductions (reduce taxable income); many business activities qualify for credits you’re likely missing.

• Use existing business actions and assets (R&D, accessibility upgrades, equipment repurposed for business) to capture credits — don’t buy unnecessary items just for deductions.

• Keep organized records (spreadsheet or QuickBooks) of all expenses — include previously purchased personal items now used for business (computers, furniture, tools).

• Ask your accountant “How can I make this a tax deduction?” to promote creative, compliant planning rather than yes/no gatekeeping.

• Reclassifying or repositioning legitimate costs on returns (when supported by code/publication) can materially lower taxes without extra spending.

• Consider real estate and buying additional businesses as long-term tax-advantaged growth strategies; structure matters for wealth preservation.

How listeners can connect with Carlotta Thompson  :

• Search: Carlotta Thompson Finance on TikTok / Instagram / Facebook.

• Websites mentioned: carlottathompson.com and taxsrategistsofamerica.com (as said on the episode).

• Join Carlota’s trainings (two-hour, college-level courses) via her site

• Learn the Pathway to Zero™ by attending one of our next webinars. Sign up here: www.taxstrategiesnow.com/signup

Want to be a guest on Healthy Mind, Healthy Life? DM on