The Affordability Crisis: How Today’s 20-Somethings Face an Unprecedented Financial Landscape
By Jessica I. Marschall, CPA, President MAS LLCNovember 4, 2025 This article is born from countless conversations with clients across generations—from baby boomers who bought their first homes at 28 to millennials still renting at 38. There is a disconnect that needs addressing: older generations often don’t realize how profoundly the economic landscape has changed, […]
Read MoreEntering Tax Season 2025: What Clients and Businesses Must Know
By Jessica I. Marschall, CPA, ISA AM November 12th, 2025 1. A Strained IRS May Affect Your Filing Experience Recent analysis at Marschall Tax underscores a deepening operational crisis within the IRS: workforce reductions, technology backlogs, and funding shortfalls have created a “perfect storm” of risk for both business and individual filers. IRS Workforce Furloughs […]
Read MoreThe Internal Revenue Service’s Deepening Crisis: What It Means for Taxpayers and Advisors
Jessica I. Marschall, CPA October 28th, 2025 The IRS is entering the 2026 fiscal year under a confluence of severe operational stress, adding complexity and risk for both individual and business taxpayers. The recent Treasury Inspector General for Tax Administration (TIGTA) Major Management Challenges for FY 2026 report and press coverage in sources such as […]
Read MoreUnderstanding Deductible Business Expenses for Schedule C Filers
Jessica I. Marschall, CPA, ISA AM October 24th, 2025 Introduction Many clients request a concise yet reliable reference outlining which business expenses are deductible when filing Schedule C (Form 1040). This form is used by sole proprietors, single-member LLCs, and other Disregarded Entities to report income and expenses from their trade or business activities. Under […]
Read MoreWorker Classification & 1099 Compliance Guide
Jessica I. Marschall, CPA, ISA AM, October 21st, 2025 Worker Classification: IRS Framework The IRS uses a three-factor test to determine worker status: If you retain the right to control work details, the worker is generally an employee. Key tool: Form SS-8 requests IRS determination. The IRS maintains a searchable database of redacted determinations for […]
Read MoreFinishing Extension Season: Clients and Businesses Face Significantly Rising Healthcare Costs as ACA Premium Tax Credits Near Expiration
Jessica I. Marschall, CPA October 15th, 2025 As we finish extension season, it is clear that our clients and their businesses are not prepared for the significantly rising healthcare costs that are already implemented due to rising costs, but this is especially important if the Affordable Care Act Premium Tax Credits expire. If Congress does […]
Read MoreThe Strategic Advantage of Separating Rental Properties into Individual LLCs
By Jessica I. Marschall, CPAOctober 12, 2025 As a CPA advising real estate investors, one of the most critical structural decisions I discuss with clients is how to hold rental properties within limited liability companies (LLCs). While forming a single LLC to hold multiple properties may seem simpler and more cost-effective, the strategy of placing […]
Read MoreCritical IRS Guidance for Cryptocurrency Traders: Revenue Ruling 2024-14
Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC October 10th, 2025 Why This Matters Now Even as the IRS navigates operational challenges and workforce changes, tax law development continues. Revenue Ruling 2024-14, released in October 2024, provides crucial guidance that every cryptocurrency trader and investor needs to understand. While this bulletin also […]
Read MoreEstimated Income Taxes: What They Are, When They Are Due, and How to Stay in the Safe Harbor
Understanding Pay-As-You-Go Taxation The U.S. income tax system operates on a pay-as-you-go basis, requiring taxpayers to remit taxes throughout the year rather than in a single annual payment. When sufficient tax is not paid during the year through withholding or quarterly estimated payments, the Internal Revenue Code (IRC) §6654 imposes an addition to tax—essentially a […]
Read MoreOpportunity Zones 2.0: The Complete Guide to Enhanced Benefits Under the One Big Beautiful Bill Act
Jessica I. Marschall, CPA October 4th, 2025 How permanent status, rural incentives, and rolling deferrals reshape the QOZ landscape Executive Summary The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, fundamentally transforms the Qualified Opportunity Zone (QOZ) program. No longer facing a 2026 sunset, the program now offers permanent tax […]
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