First Gen Wealth Education

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The Wealth Habits That Protect Your Deductions

by Eric James on Feb 21 2026

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.

First Gen Wealth Education

Schedule C vs Schedule E Explained for Entrepreneurs

by Eric James on Dec 20 2025

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.