William Timlen

William Timlen, CPA, has three decades of experience across tax, accounting, and management. He focuses on partnership taxation and passive activity loss rules, with solid experience in profit-and-loss allocations and distributions. He advises borrowers on the tax consequences of debt restructurings and distressed real estate transactions, including foreclosures, deeds-in-lieu, and bankruptcy. He also works with real estate owners and developers on tax planning and guides high-net-worth individuals and families, including during complex federal and state tax examinations. Timlen joined a New York-based firm in 2016 as a Tax Partner in its Real Estate Group, part of a top-15 international tax advisory firm. Over the past 10 years, he has generated more than $2 million in new business, including $1 million in 2018, working with leading participants in the NYC real estate market. He strengthened the group by recruiting experienced professionals across both tax and audit. As a member of the leadership committee, he helps guide the real estate practice's direction, including business development, education, branding, and thought leadership. He is also a member of a national accounting organization. He began his career in 1993 at a CPA firm in Princeton, New Jersey, where he worked for four years. William prepared tax workpapers and federal and state tax returns for partnerships, individuals, corporations, and trusts. He also reviewed financial statements, researched tax issues, and assisted with client communication. In 1998, he joined a global firm as a Supervising Senior, preparing audit workpapers for Fortune 100 companies in the biotech and pharmaceutical industries. William Timlen later founded his own accounting firm in Princeton, New Jersey, focusing on tax consulting for high-net-worth individuals, real estate partnerships, and corporations. Within the first three years, he built a business generating more than $600K annually. After 10 years, he joined a New York firm as a Tax Manager.