First Gen Wealth Education
1099 Reporting Business Deductions
by Eric James
Nobody teaches new business owners that a tax deduction and a 1099 filing are two separate requirements. This guide breaks down what Form W-9 does, which form applies to which payment, and why your records, not the filing itself, are what actually support your deduction.
The Financial Habits That Support Your Business Deductions
by Eric James
Nobody teaches new entrepreneurs how the IRS actually reviews returns or what makes a deduction hold up. This guide breaks down how returns get selected for review, what your books actually need to show, and when it's time to upgrade from a simple tracker to real accounting software.
5 Audit Triggers Every New Entrepreneur Should Understand
by Eric James
Nobody taught most of us how the IRS reviews returns, so we learn by guessing. These five audit red flags show you what creates questions, what the IRS actually looks for, and how to build records that protect the business you're building.