529 Plans have drastically expanded over the last 10 years, and the One Big Beautiful Bill (OB3) Act certainly continues the trend. In this article, we will discuss some of these changes in more depth and how they might apply to individuals who may not have otherwise...
The One, Big, Beautiful Bill Act (OB3) passed July 4th, 2025, created some of the most dramatic changes to bonus depreciation and §179 Expensing that we’ve seen in almost a decade. The bonus depreciation rate was reset to 100% and the §179 expensing limitations were...
The world of real estate taxation is characterized by a complex array of tax rules that range from relatively straightforward to highly complex. Today, we will take a moment to delve into the intricacies of UPREIT transactions. If you are only looking for the tax...
If your clients own a business building or residential rental property, you’re likely familiar with the standard depreciation periods—typically 39 years for business buildings and 27.5 years for residential rentals. However, what if we told you that many...
The passage of the One Big Beautiful Bill (OB3) Act brought about the biggest tax changes of the decade, and along with it came a flood of misinformation from all corners of the internet. One of the new provisions that has generated considerable buzz is the deduction...
When preparing partnership and S corporation tax returns, practitioners must always consider changes in ownership and how that might affect the pass-through of income. Many tax software programs have special entries in their partnership or S corporation tax return...
