The IRS at a Breaking Point Part 2: What Taxpayers Need to Know About Automation, Staffing Shortages, and the End of Direct File
Jessica I. Marschall, CPA November 20th, 2025 In recent months, I have seen a sharp increase in clients receiving automatic IRS collection notices, even when their cases were actively being worked, fully documented, or awaiting IRS action. These notices are not the result of taxpayer error. They are the predictable outcome of an agency operating […]
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 MoreOBBBA: What the Latest Guidance Means for Individuals, Businesses, and Payroll in 2025–2026
Jessica I. Marschall, CPA, ISA AM August 13th, 2025 Executive summary. Treasury and the IRS have started to roll out operational guidance for the One Big Beautiful Bill Act (OBBBA). For Tax Year 2025, the government is not changing individual information returns or federal withholding tables; most practical form changes are being pushed to 2026. […]
Read MoreTaxpayer Assistance at a Breaking Point: My Experience on the IRS Practitioner Line
By Jessica I. Marschall, CPA, ISA AMJuly 23, 2025 Calling the IRS Practitioner Priority Service (PPS) has become a test of stamina, timing, and luck. As a CPA with over two decades of experience, I have come to expect some inefficiencies during peak tax seasons. But what we are facing now is not seasonal backlog. […]
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 MoreTax Incentives for Deconstruction and Personal Property Donations
Article: Tax Incentives for Deconstruction and Personal Property Donations Current tax law allows individuals to deduct the Fair Market Value of non-monetary charitable contributions. Materials salvaged from a building structure as well as personal property donated to a nonprofit 501(c)(3) or government entity like schools, colleges or parks and recreation systems, may qualify to be […]
Read MoreThe Qualified Appraiser
Article: The Qualified Appraiser Category: Charitable Donations Within the industry of personal property appraisal production, many brilliant individuals utilize conservative and accurate valuation and set the standard for the industry. Unfortunately, like any financial sector, there is the potential for abuse. These abuses are typically one of two types and often a combination of both. […]
Read MoreCorporate Tax Incentives for Personal Property Donation
Article: Corporate Tax Incentives for Personal Property Donation Not only are provisions in place for individuals to donate materials and personal property to qualified nonprofits and government agencies but favorable tax provisions are in existence for corporations. Please reference IRS Publication 542 Corporations A corporation can claim a deduction for charitable donations in cash or […]
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