SEP-IRA Contribution Limits for 2025 and 2026:
What Business Owners and Self-Employed Individuals Need to Know By Jessica I. Marschall, CPA, ISA AM ~ January 20th, 2025 Simplified Employee Pension Individual Retirement Accounts (SEP-IRAs) remain one of the most powerful retirement savings tools available to small business owners and self-employed individuals. With higher contribution limits than traditional IRAs and relatively simple administration, […]
Read MoreBeyond 501(c)(3): A Guide to Other Tax-Exempt Organizations
Trade Associations, Social Clubs, and Other Exempt Entities Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC January 10th, 2026 Introduction Section 501(c) of the Internal Revenue Code contains 29 separate categories of tax-exempt organizations. While public charities under Section 501(c)(3) receive the most attention, numerous other exempt categories serve important functions in […]
Read More501(c)(4) Social Welfare Organizations
Tax Exemption with Political Flexibility Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC January 10th, 2026 Introduction Section 501(c)(4) of the Internal Revenue Code provides tax-exempt status to organizations operated exclusively for the promotion of social welfare. While less well-known than their 501(c)(3) cousins, these organizations play a significant role in American […]
Read MoreThe Complete Guide to Forming a 501(c)(3) Nonprofit Organization
With the Tax-Free Income Comes Strict Compliance Jessica I. Marschall, CPA, ISA AM President & CEO MAS LLC January 10th, 2026 Introduction The allure of tax-exempt status draws many charitable-minded individuals and organizations toward forming a 501(c)(3) nonprofit. The benefits are substantial: exemption from federal income tax, eligibility to receive tax-deductible charitable contributions, and access […]
Read MoreNavigating the New “No Tax on Car Loan Interest” Deduction
By Jessica Irving Marschall, CPA, ISA AMPresident & CEO, Marschall Accounting Services LLC January 9th, 2026 The enactment of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, introduced significant changes to the federal tax code. Among the most widely discussed provisions is the new deduction for interest paid on certain vehicle loans, […]
Read MoreThe Qualified Business Income Deduction: Navigating Income Phase-Outs Through Strategic Wage and Asset Planning
Jessica I. Marschall, CPA, ISA AM January 2026 Executive Summary The Qualified Business Income (QBI) deduction under Internal Revenue Code Section 199A represents one of the most significant tax benefits available to owners of pass-through entities. Originally enacted as part of the Tax Cuts and Jobs Act (TCJA) in December 2017, this provision was designed […]
Read MoreThe $2 Trillion Gamble
How Gutting the IRS and Killing Direct File May Cost Taxpayers Far More Than It Saves January 2026 | Tax Policy Analysis, Jessica I. Marschall, CPA, President MAS LLC In less than one year, the Trump administration has eliminated 25% of the IRS workforce (over 25,000 employees) while simultaneously canceling Direct File, a free tax-filing […]
Read More2025 Year-End Tax Strategy
Critical Deadlines and One Big Beautiful Bill Act Integration Jessica I. Marschall, CPA, ISA AM | December 31, 2025 Executive Summary The final day of the calendar year represents a critical juncture for federal tax compliance and optimization. Following the enactment of the One Big Beautiful Bill Act (OBBBA) on July 4, 2025, as Public […]
Read MoreNo Tax on Overtime, Tips, and Social Security? Decoding the OBBBA’s Actual Deductions and Senior Benefits
By Jessica I. Marschall, CPA, President MAS LLC December 31st, 2025 The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, has generated significant buzz around its “no tax on tips” and “no tax on overtime” provisions. However, as tax professionals, we need to look beyond the headlines to understand what […]
Read MoreNavigating the New Landscape of Charitable Contribution Deductions: Critical Changes for 2026 and Beyond
By Jessica I. Marschall, CPA President & CEO, MAS LLC December 2025 Executive Summary The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces fundamental changes to charitable contribution deductions effective January 1, 2026. These provisions create a complex interplay of new limitations, permanent extensions, and strategic planning opportunities that […]
Read More
