First Gen Wealth Education

The Wealth Habits That 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.
5 Audit Triggers Every New Entrepreneur Should Understand

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.