First Gen Wealth Education
11 Common IRS Notices Explained!
by Eric James
Receiving an IRS notice does not automatically mean something is wrong. Learn what common IRS notices mean, why you may have received them, and what actions you can consider next.
- #Business Tax Basics
- #CP14 Notice
- #CP2000 Notice
- #CP501 Notice
- #CP503 Notice
- #CP504 Notice
- #CP523 Notice
- #CP59 Notice
- #CP75 Notice
- #CP90 Notice
- #Entrepreneur Education
- #Entrepreneur Taxes
- #Financial Education
- #IRS Letters
- #IRS Notices
- #LT11 Notice
- #Notice Of Deficiency
- #Personal Finance
- #Schedule C
- #Self Employed Taxes
- #Small Business Taxes
- #Tax Compliance
- #Tax Education
- #Tax Notices
- #Tax Preparation
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.