First Gen Wealth Education
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.