Understanding 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 […]
Read MoreHarmonizing Global Climate-Related Disclosure Standards: A Comparative Analysis of SEC, EU CSRD, and California Legislation
November 22nd, 2024 In an era where sustainability and climate accountability are increasingly critical to corporate governance, regulations surrounding climate-related disclosures are becoming more expansive and globally aligned. From the SEC’s proposed rule on “The Enhancement and Standardization of Climate-Related Disclosures for Investors” to the EU’s Corporate Sustainability Reporting Directive (CSRD) and California’s SB 253 […]
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