Real Estate Provisions of the One Big Beautiful Bill Act: What Developers, Investors, and Owners Need to Know
Jessica I. Marschall, CPA, ISA AM August 30th, 2025 The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025 as Public Law 119-21, represents the most comprehensive tax overhaul for the real estate industry since the Tax Cuts and Jobs Act of 2017. This legislation permanently extends key TCJA provisions while […]
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 MoreThe Big Beautiful Bill and the Fiscal Outlook: New CBO Estimates and Healthcare Impacts
By Jessica I. Marschall, CPA, ISA AMJuly 22nd, 2025 This month, we renewed our company’s health insurance, with premiums up about 7% from 2024. Only “Applicable Large Employers” (50 or more full-time employees) are required to offer coverage, but most small businesses are not and cannot afford to. For many gig workers and small business […]
Read MoreCharitable Giving Under the One Big Beautiful Bill Act: A New Era of Incentives and Complexity, Especially for Non-Cash Donations
By Jessica I. Marschall, CPA, ISA AMJuly 13, 2025 The One Big Beautiful Bill Act (OBBBA), signed into law earlier this year, overhauled major components of the federal tax code with provisions designed to encourage business growth, simplify certain deductions, and, importantly for the nonprofit sector, revitalize charitable giving incentives. While much of the public […]
Read MoreThe One Big Beautiful Bill Act: Expanded QSBS Benefits and Pro-Business Tax Reforms
By Jessica I. Marschall, CPAJuly 8, 2025 The recently enacted One Big Beautiful Bill Act delivers a comprehensive package of federal tax reforms aimed at accelerating small business formation, investment activity, and long-term capital growth. Among its most impactful provisions are the enhancements to Qualified Small Business Stock (QSBS) under Internal Revenue Code Section 1202, […]
Read MoreUnderstanding Opportunity Zone Tax Incentives and Qualified Opportunity Funds
By Jessica I. Marschall, CPAPresident, MAS LLCJuly 7, 2025 Introduction Since their introduction under the Tax Cuts and Jobs Act of 2017, Opportunity Zones have emerged as a powerful tool to encourage long-term investment in economically distressed communities. These provisions offer significant tax advantages to individuals and entities willing to reinvest capital gains into designated […]
Read MoreWhat Made It into the Final “Big, Beautiful” Tax Bill—And Who It Leaves Behind
By Jessica I. Marschall, CPA, ISA AM June 28th, 2025 In the early hours of June 28, 2025, the Senate passed what Majority Leader John Thune and others in Republican leadership have proudly branded the “Big, Beautiful Bill”; a sweeping legislative package that alters the tax code, restructures environmental regulation, and reshapes the federal-state partnership […]
Read MoreThe 2025 house republican tax bill: A political statement, not a pro-growth plan
By Jessica I. Marschall, CPAJune 13, 2025 In a year marked by electoral shifts and budgetary uncertainty, the house of representatives has passed a sweeping $2.4 trillion tax bill, entitled the one big beautiful bill. Designed to fulfill campaign promises made by President Donald Trump, the bill combines extensions of the 2017 Tax Cuts and […]
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 […]
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