The IRS-Taxpayer Compact: How America’s Promise of Taxpayer Confidentiality Is Being Broken
A Bipartisan Crisis That Transcends Politics By Jessica I. Marschall, CPA, ISA AM, President MAS LLC, The Green Mission Inc., GM-ESG, and Probity Appraisal Group February 12, 2026 Every April, more than 150 million Americans perform an extraordinary act of trust. They hand over to the federal government their full legal names, dates of birth, […]
Read MoreTHE LONG GAME
By Jessica I. Marschall, CPA, ISA AM Rental Property Passive Losses, Depreciation Recapture, and the Tax Consequences You Cannot Afford to Ignore President & CEO, MAS LLC | The Green Mission Inc. | Probity Appraisal Group | GM-ESG Published February 2026 | For educational and professional reference purposes Introduction Residential rental real estate is one […]
Read MoreHealth Insurance Premiums for S Corporation >2% Shareholders
A Comprehensive Guide to Tax Treatment, W-2 Reporting, and the Self-Employed Health Insurance Deduction By Jessica I. Marschall, CPA, ISA AM President & CEO, MAS LLC February 2026 Introduction One of the most frequently misunderstood areas of S corporation taxation involves the treatment of health insurance premiums paid on behalf of shareholders who own more […]
Read MoreEQUITY COMPENSATION
ESPP, ISO, RSU, and SAFEs A Comprehensive Guide to Tax Implications, Advantages, and Strategic Applications By Jessica Marschall, CPA, ISA AM President & CEO, MAS LLC | The Green Mission Inc. | Probity Appraisal Group | GM-ESG January 2026 Introduction Equity compensation has become a cornerstone of modern employee benefits, particularly in technology, startup, and […]
Read MoreSMALL BUSINESS STANDARD OPERATING PROCEDURES
Bookkeeping, Recordkeeping & Tax Compliance Guide Prepared by MAS LLC Tax Advisory & Small Business Services Updated 2026 Introduction Maintaining accurate, timely financial records is critical for tax compliance, business decision-making, and audit preparedness. This guide outlines the essential tasks every small business owner should complete on a weekly, monthly, quarterly, and annual basis. Following […]
Read MoreVirginia’s Proposed Net Investment Income Tax
An Analysis of House Bill 378 and Its Implications for High-Income Taxpayers By Jessica I. Marschall, CPA, ISA AM January 2026 Introduction View Post Virginia House Bill 378, introduced on January 12, 2026, by Delegate Elizabeth Bennett-Parker (D-5), represents a significant departure from the Commonwealth’s historical approach to taxing investment income. If enacted, the legislation […]
Read MoreSEP-IRA Contribution Limits for 2025 and 2026:
What Business Owners and Self-Employed Individuals Need to Know By Jessica I. Marschall, CPA, ISA AM ~ January 20th, 2025 Simplified Employee Pension Individual Retirement Accounts (SEP-IRAs) remain one of the most powerful retirement savings tools available to small business owners and self-employed individuals. With higher contribution limits than traditional IRAs and relatively simple administration, […]
Read MoreBeyond 501(c)(3): A Guide to Other Tax-Exempt Organizations
Trade Associations, Social Clubs, and Other Exempt Entities Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC January 10th, 2026 Introduction Section 501(c) of the Internal Revenue Code contains 29 separate categories of tax-exempt organizations. While public charities under Section 501(c)(3) receive the most attention, numerous other exempt categories serve important functions in […]
Read More501(c)(4) Social Welfare Organizations
Tax Exemption with Political Flexibility Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC January 10th, 2026 Introduction Section 501(c)(4) of the Internal Revenue Code provides tax-exempt status to organizations operated exclusively for the promotion of social welfare. While less well-known than their 501(c)(3) cousins, these organizations play a significant role in American […]
Read MoreThe Complete Guide to Forming a 501(c)(3) Nonprofit Organization
With the Tax-Free Income Comes Strict Compliance Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC January 10th, 2026 Introduction The allure of tax-exempt status draws many charitable-minded individuals and organizations toward forming a 501(c)(3) nonprofit. The benefits are substantial: exemption from federal income tax, eligibility to receive tax-deductible charitable contributions, and access […]
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