Understanding the Distribution of the U.S. Tax Burden: Federal Income Taxes vs. Payroll Taxes
Jessica I. Marschall, CPA March 12th, 2025 One of the most widely cited statistics in tax policy debates is that a relatively small percentage of high-income earners pay the vast majority of federal income taxes. While this is true, it is essential to recognize that the federal income tax system is highly progressive, meaning that […]
Read MoreUnderstanding Section 351: Asset Transfers and Requirements for Tax-Free Treatment
By Jessica I. Marschall, CPA February 9th, 2025 Section 351 of the Internal Revenue Code (IRC) provides a tax benefit for certain transfers of property to a corporation. When property is transferred to a corporation in exchange for stock, Section 351 allows the transaction to be treated as tax-free under specific conditions. This article will […]
Read MoreThe MLM Mirage: Financial Realities for Women and the Stay-at-Home Mom Trap
By Jessica I. Marschall, CPA February 9th, 2025 For 25 years, I have worked as a CPA, reviewing tax returns and financial statements for clients in a wide range of industries. One recurring theme I have noticed is the financial failure of Multi-Level Marketing (MLM) participants—particularly among women, including stay-at-home moms. While MLMs promise financial […]
Read MoreAvoid Costly Tax Mistakes: Understanding Mandatory Business Tax Filings, EIN Accuracy, and Hobby Loss Risks
Jessica I. Marschall, CPA, President & CEO of MAS LLC February 3rd, 2025 Filing the appropriate tax returns is crucial for various business entities to comply with IRS regulations. Forms such as 1120, 1120S, 1065, 1041, and 990 are mandatory for specific entity types: Ensuring the accuracy of the Employer Identification Number (EIN) determination letter […]
Read MoreThe Comprehensive Guide to S Corporation Benefits in 2025
By Jessica I. Marschall, CPA The S Corporation (S Corp) remains a powerful business structure for small business owners and entrepreneurs in 2025. While commonly lauded for its tax advantages, S Corps also offer a range of lesser-known benefits that make them an appealing choice. This article explores the core and often overlooked advantages of […]
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