Author: Timalyn Bowens

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Hi 1st Gen Family! I am a tax problem surgeon, blogger, and podcast host. I love all things tax law and I'm a self-proclaimed tax nerd.

93% of the taxpayers I have helped with back taxes in the past 4 years were self-employed. Over half of those people were also first-generation business owners. They all have one thing in common. The struggle of transitioning from employee to entrepreneur. My heart goes out to these entrepreneurs because often there is no one to guide them through tax law. The main contributing factor to their struggle in transitioning is the lack of understanding. They are phenomenal at what they do. The tax side trips them up though. They just don’t know what they don’t know. This results in…

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Did you go into business to do taxes? A select few business owners do. So it is no surprise that taxes are one of the most confusing tasks a business owner faces. Especially for 1st-generation entrepreneurs. Understanding how the IRS taxes your LLC is one of the first steps to making sure you don’t end up in trouble with them. Let’s take a look at what an LLC is and how the IRS will tax your LLC. What is a Limited Liability Company? A limited liability company (LLC) is an independent legal entity. It exists separately from its owner(s). This structure…

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One of our worst nightmares as entrepreneurs is to get into tax trouble with the IRS. If you do, you need the services of my guest, tax specialist Timalyn Bowens. The goal of this Strategy Session is to help you AVOID becoming one of her clients under those circumstances! If you’re a 1st Gen Entrepreneur who wants to run a tight ship and avoid getting into tax trouble, you definitely don’t want to miss this live event.

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