Category: 1040 income tax

Why Advisors Are Rethinking Entity Structures, and Why Those of Us in Specified Service Businesses Have Fewer Options

By Jessica Irving Marschall, CPA, ISA AM, President & CEO, Marschall Accounting Services, LLC, September 27th, 2026 MAS LLC | www.MarschallTax.com Accounting Today ran a piece this week, written by Zoe Sagalow and originally published in Financial Planning, that caught my attention for two reasons. The first is that it says out loud what we […]

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The Affordability Squeeze: What Rising Costs Mean for Small Business, and How to Fight Back

By Jessica Irving Marschall, CPA, ISA AM President & CEO, Marschall Accounting Services LLC, The Green Mission Inc., Probity Appraisal Group, and GM-ESG   September 6th, 2026   Every September (especially after Labor Day) our tax practice, MAS LLC, crunches the numbers for expense planning and revenue growth. This year, however, the conversation has a […]

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Charitable Giving in 2026: How the One Big Beautiful Bill Act Reshapes the Rules for Donors

What individuals, corporations, and nonprofit partners need to know about the new deduction landscape, and the federal scholarship tax credit arriving in 2027 Jessica Irving Marschall, CPA By Jessica I. Marschall, CPA, ISA AM | President and CEO, The Green Mission Inc. ~ GM-ESG ~ Probity Appraisal Group ~ MAS LLC | August 2026 The […]

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The One Big Beautiful Bill Act in 2026: A Comprehensive Guide to the Provisions Taking Effect This Year

A detailed guide to the major individual, business, benefits, and international changes now in force, and what taxpayers should do about them By Jessica I. Marschall, CPA | President and CEO, Marschall Accounting Services LLC | August 2026 The One Big Beautiful Bill Act, enacted as Public Law 119-21 on July 4, 2025, changed more […]

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The Complete Client Guide to S Corporations: Benefits, Risks, Compliance, and Common Mistakes

By Jessica Irving Marschall, CPA Marschall Accounting Services, LLC August 11, 2026 Choosing to operate as an S corporation can be one of the most valuable tax planning decisions available to a closely held business owner. When the structure is used correctly, it can provide liability separation, pass-through taxation, meaningful payroll tax planning opportunities, and […]

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Expatriate Tax for US Taxpayers Living Abroad

CLIENT ADVISORY A planning overview, with country sections for Canada, Costa Rica, Ireland, Colombia, and Spain Jessica Irving Marschall, CPA June 4th, 2026 Why this conversation is happening now US clients are increasingly asking what it would take to live, work, and possibly hold citizenship in another country. Some are responding to political and economic […]

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Expensing Versus Capitalization for Rental Property: A Schedule E Primer for Landlords

Jessica I. Marschall, CPA, ISA AM | Marschall Accounting Services, LLC May 2026 Few questions on a rental property tax return generate more confusion, and more audit exposure, than whether a given expenditure should be deducted in full in the current year or capitalized and recovered through depreciation over the property’s useful life. The dollar […]

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The R&D Tax Credit and the R&D Deduction

Two Incentives, One Compliance Discipline By Jessica Irving Marschall, CPA May 2026 For more than four decades, federal tax law has offered businesses two separate and distinct incentives for investing in research. The first is the credit for increasing research activities under Internal Revenue Code Section 41, commonly called the R&D tax credit. The second […]

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REAL ESTATE INVESTMENT STRATEGY

A Practical Tax Guide for Individual and Small Business Clients By Jessica Irving Marschall, CPA, ISA AM President and CEO, MAS LLC | The Green Mission Inc. | GM-ESG | Probity Appraisal Group April 2026 Introduction Real estate has long served as one of the most powerful wealth-building vehicles available to individual investors and small […]

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Your Tax Preparer Committed Fraud. You Pay the Price.

A federal court ruling makes clear: if your preparer filed a fraudulent return, the IRS can audit you decades later, even if you had no idea what was happening. By Jessica Irving Marschall, CPA March 19, 2026 The Case That Should Get Every Taxpayer’s Attention Here is a case out of Tax Court that should […]

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