First Gen Wealth Education
How 1099 Filing Supports Your Business Deductions
by Eric James
If you deduct contractor payments or rent, you may also be required to file Form 1099. Learn how W-9 collection, IRS filing, classification rules, and reporting symmetry work together to protect your deductions.
The Wealth Habits That Protect Your Deductions
by Eric James
The IRS does not randomly select Schedule C returns. This article explains how Discriminant Income Function scores and Total Positive Income work, and how structured bookkeeping protects legitimate business deductions.
Schedule C vs Schedule E Explained for Entrepreneurs
by Eric James
Most new entrepreneurs don’t understand the difference between Schedule C and Schedule E income. This guide explains active versus rental income, passive loss rules, and how the IRS actually treats income in clear language.
Health Savings Accounts Explained for Entrepreneurs
by Eric James
If you’re a business owner from an underserved community, one medical bill can knock you off track. This guide explains Health Savings Accounts and high deductible health plans in plain language so you can protect your income and plan ahead.
5 Audit Triggers Every New Entrepreneur Should Understand
by Eric James
Most audits don’t come from bad luck. They come from simple mistakes new entrepreneurs make when nobody ever taught them the rules. These five insights will help you understand how the IRS thinks so you can move smarter.