What Made It into the Final “Big, Beautiful” Tax Bill—And Who It Leaves Behind
By Jessica I. Marschall, CPA, ISA AM June 28th, 2025 In the early hours of June 28, 2025, the Senate passed what Majority Leader John Thune and others in Republican leadership have proudly branded the “Big, Beautiful Bill”; a sweeping legislative package that alters the tax code, restructures environmental regulation, and reshapes the federal-state partnership […]
Read MoreSenate Republicans Advance Tax Bill That Prioritizes the Wealthy Over the Environment and the Vulnerable
By Jessica I. Marschall, CPA, ISA AMJune 17, 2025 Senate Republicans have introduced their version of the 2025 tax legislation, dubbed the “One Big Beautiful Bill,” which mirrors the House’s intent to make the 2017 Trump tax cuts permanent—but with deeper cuts to Medicaid, reduced support for renewable energy, and a more austere approach to […]
Read MoreThe 2025 house republican tax bill: A political statement, not a pro-growth plan
By Jessica I. Marschall, CPAJune 13, 2025 In a year marked by electoral shifts and budgetary uncertainty, the house of representatives has passed a sweeping $2.4 trillion tax bill, entitled the one big beautiful bill. Designed to fulfill campaign promises made by President Donald Trump, the bill combines extensions of the 2017 Tax Cuts and […]
Read MoreComparing Tax Treatment of Investment Real Estate vs. Real Estate Dealer Property (“Flips”)
May 8th, 2025 Jessica I. Marschall CPA In recent years, our practice has seen a marked increase in clients either holding real estate for long-term investment or diving headfirst into the world of house flipping. This trend is fueled not only by rising home values, but also by the desire to create alternative income streams […]
Read MoreUnderstanding Qualified Small Business Stock (QSBS): Tax Requirements, Limitations, and Long-Term Benefits
Jessica I. Marschall, CPA May 1st, 2025 The Qualified Small Business Stock (QSBS) provision under Internal Revenue Code §1202 provides one of the most powerful tax benefits available to founders, early employees, and investors in eligible startup companies. For taxpayers who meet specific requirements, gains from the sale of QSBS may be excluded from federal […]
Read MoreInstallment Sales of Small Businesses: A Practical Guide for Sellers
By Jessica I. Marschall, CPA April 26th, 2025 Selling a small business can be one of the most significant financial transactions a business owner will experience. When the buyer is unable to pay the full purchase price upfront, installment sales can serve as a viable solution, allowing the seller to spread the gain over multiple […]
Read MoreBuilding Middle-Class Wealth Through Strategic Ownership, Tax Planning, and Sound Investment Principles
Jessica I. Marschall, CPA, ISA AM President: MAS LLC, Probity Appraisal Group, and The Green Mission Inc. April 23rd, 2025 While the most straightforward path to wealth is through inheritance—particularly in the form of appreciating real estate or investment income—not everyone has the advantage of generational financial support. For those without a billionaire relative, or […]
Read MoreBrand Valuation: Measurement of Value Indicators
Jessica I. Marschall, CPA, MAS LLC March 15th, 2025 Valuing a brand is a complex process that business valuators approach with both qualitative and quantitative tools. The value of a brand is typically captured as an intangible asset and can be appraised independently or as part of a broader business valuation under a fair market […]
Read MoreForeign Earned Income Exclusion (FEIE) vs. Foreign Tax Credit (FTC)
Jessica I. Marschall, CPA, ISA AM March 19th, 2025 U.S. citizens and resident aliens who earn income abroad may be able to exclude foreign income or claim foreign tax credits to reduce double taxation. The Foreign Earned Income Exclusion (FEIE) and the Foreign Tax Credit (FTC) serve different purposes and can sometimes be strategically used […]
Read MoreWhen the IRS Reclassifies Your Business as a Hobby: The Costly Consequences of Retroactive Tax Adjustments
By Jessica I. Marschall, CPA, ISA AM March 16th, 2025 The distinction between a business and a hobby under IRS rules can have profound financial implications. Many taxpayers assume that if they operate an activity with revenue, they qualify as a business. However, the IRS has the authority to retroactively reclassify an activity as a […]
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