The Mortgage Interest Deduction Is Not a Strategy: Understanding Schedule A Before Taking on More Debt
By Jessica I. Marschall, CPAPresident & CEO, MAS LLC November 17th, 2025 Many taxpayers are encouraged by lenders, realtors, and even well-meaning friends to take on extremely high mortgage principal balances because the interest is “deductible.” This advice ignores how Schedule A actually works, the statutory limits on deductible mortgage interest, and the reality that […]
Read MoreVIRGINIA’S ENERGY TRANSFORMATION: TAX, WORKFORCE, AND INFRASTRUCTURE IMPLICATIONS FOR REGIONAL BUSINESS GROWTH
Strategic Insights for MAS LLC Tax Advisory and GM-ESG Clients Jessica I. Marschall, CPA, President and CEO MAS LLC, The Green Mission Inc., GM-ESG and Probity Appraisal Group Virginia stands at the epicenter of a generational energy transformation driven by unprecedented data center expansion, artificial intelligence infrastructure demands, and evolving utility capacity constraints. The November […]
Read MoreThe 50-Year Mortgage Proposal: A False Solution to a Real Crisis
By Jessica I. Marschall, CPAPresident, MAS LLC November 10th, 2025 Understanding the Real Problem First Last week, I published an article examining the unprecedented affordability crisis facing young Americans today. The data was sobering: the median age of first-time homebuyers has climbed to 40 years old, up from 33 in 2021 and 29 in 1981. […]
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 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 MoreHealthcare Tax Policy at a Crossroads: Navigating Premium Increases, Coverage Losses, and Legislative Remedies
By Jessica Irving Marschall, CPA, ISA AMSeptember 5, 2025 Executive Summary The American healthcare landscape faces unprecedented challenges as premium costs surge, Medicaid coverage contracts, and legislative proposals struggle to address mounting inequities in the tax system. Recent data reveals a troubling paradox: while health insurance premiums are projected to increase by 15% in 2026, […]
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