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 […]
Read MoreThe 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 […]
Read MoreEQUITY COMPENSATION
ESPP, ISO, RSU, and SAFEs A Comprehensive Guide to Tax Implications, Advantages, and Strategic Applications By Jessica Marschall, CPA, ISA AM President & CEO, MAS LLC | The Green Mission Inc. | Probity Appraisal Group | GM-ESG January 2026 Introduction Equity compensation has become a cornerstone of modern employee benefits, particularly in technology, startup, and […]
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 MorePartnership Classification Switching and Self-Employment Tax
Jessica I. Marschall, CPA, ISA AM December 5th, 2025 Partnership tax treatment requires clear classification of partner roles. The Internal Revenue Code distinguishes between general partners and limited partners, with significant consequences for self-employment tax liability and loss deduction eligibility. Taxpayers attempting to shift classifications based on immediate tax benefits create audit risk and potential […]
Read MorePass-Through Entity Tax Elections: Federal and State Tax Coordination Under Current Law
By Jessica I. Marschall, CPA, December 6th, 2025 Pass-Through Entity Tax (PTET) elections remain one of the most significant state tax planning mechanisms available to partnerships and S corporations following changes to federal itemized deduction limitations. Understanding how PTET operates at both the entity and individual level is essential for tax planning, particularly for high-income […]
Read MoreFrom Tax Code to Deconstruction Sites: Building Solutions to America’s Housing Crisis
By Jessica I. Marschall, CPA, ISA AMNovember 23, 2025 Finding Hope in the Intersection of Tax Policy and Climate Action After 26 years navigating the labyrinthine corridors of federal tax policy and six years elbow-deep in deconstructed buildings across America, I have discovered something remarkable: the same 76,000 pages of tax code (including tax memos, […]
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