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 2025: Expensing Software Development Costs Under New Section 174A—Still Consider Amortization?
By Jessica I. Marschall, CPA, ISA AM The One Big Beautiful Bill Act (OBBBA) enacted significant changes to the treatment of research and development (R&D) expenditures, including software development. For tax years beginning after December 31, 2024, domestic software development costs that qualify as R&D may be immediately expensed rather than capitalized. This represents a […]
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 MoreResearch and Development Incentives After the One Big Beautiful Bill Act: Clarifying the Deduction and the Credit
By Jessica I. Marschall, CPA, ISA AMJuly 17th, 2025 The federal tax code provides two distinct benefits for taxpayers who engage in qualified research and development (R&D) activities: the R&D deduction under Internal Revenue Code (IRC) Section 174 and the R&D tax credit under IRC Section 41. While they may appear similar in purpose, these […]
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 MoreDonor-Advised Funds: A Technical and Tax-Focused Deep Dive
By Jessica I. Marschall, CPA — July 3, 2025 What is a Donor-Advised Fund (DAF)? At MAS LLC, we have observed a noticeable increase in the establishment of Donor-Advised Funds (DAFs) among our clients. This trend is echoed across our affiliated organizations, The Green Mission Inc. and Probity Appraisal Group, where charitable planning and non-cash […]
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