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 MoreOpportunity Zones 2.0: A New Era of Community Investment Under the One Big Beautiful Bill Act
By Jessica Irving Marschall, CPAPresident, MAS LLC November 21st, 2025 Introduction The landscape of place-based economic development changed dramatically with the passage of the One Big Beautiful Bill Act (OBBBA or OB3), which fundamentally transformed the Opportunity Zones program from a temporary experiment into a permanent fixture of American tax policy. For tax professionals, […]
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 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 MoreIn Conversation with Susan Spears: Energizing the Fredericksburg Region
Jessica I. Marschall, CPA October 1st, 2025 This morning, I had the privilege of sitting down with Susan Spears, CEO of the Fredericksburg Regional Chamber of Commerce, for what was slated to be a podcast interview but turned into a rich, wide-ranging conversation that could easily have stretched on for eight hours. Susan is nothing […]
Read MorePreferred Returns vs. Guaranteed Payments: Why Drafting Your Operating Agreement Correctly Matters
Jessica I. Marschall, CPA September 24th, 2025 When raising capital through an LLC or partnership, it is common for investors to negotiate a “preferred return.” For example, a 15 percent annual rate on contributed capital, plus the potential for additional upside. The hidden risk is that if not structured properly, that preferred return could be […]
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