First Gen Wealth Education

The Financial Habits That Support Your Business Deductions

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.
Schedule C vs Schedule E Explained for Entrepreneurs

Schedule C vs Schedule E Explained for Entrepreneurs

by Eric James
Nobody teaches new entrepreneurs where their income belongs. This guide breaks down Schedule C versus Schedule E, when rental income changes character, and why the form you file and the passive loss rules are two different questions.