Bill has over 32 years experience as a certified public accountant and has exclusively provided tax services to real estate industry clients since 1984. His experience includes a wide variety of business and tax advisory matters involving individual and institutional investors or advisors, partnership and S Corporations, and REITs. He has advised clients with all real estate industry property-types including office, retail, industrial, multi-family, hospitality, golf courses, and residential homebuilding. Since 1999, Bill has principally served various golf, golf/resort community and private club developers as a result of his involvement in golf industry related tax matters at the national levels of the Internal Revenue Service.
Bill was twenty five years with Ernst & Young LLP in Indianapolis and Chicago and its Midwest Director of Real Estate Tax Services. His practice included serving residential, retail and commercial developers, REITs and institutional real estate advisors. This included experience with the securitization of real estate during the late 1970's and 1980's, real estate workouts in the late 1980's and early 1990's and the REIT formations in the middle 1990's. Between 1997 and 1999, Bill had his own tax-consulting practice with experience as a Director of a private REIT and a Director and advisor to a real estate development company.From early 1999 through 2003, Bill was the national director, tax services, to the golf course industry practice of KPMG located in Atlanta. This practice group performed substantial tax planning services for golf course owners, private club developer/owners and residential developers with a focus on planning for golf community developments to defer income and maximizing depreciation of golf course improvements. Bill formulated and directed KPMG's efforts with the National Golf Course Owners Association (NGCOA) representation of the industry on a national, coordinated basis before the IRS and their initiatives that targeted the golf course industry. These efforts were successful with the issuance of Revenue Ruling 2001-60 on November 29, 2001 and the supplemental IRS Field Guidance issued February 7, 2002 allowing depreciation of certain golf course land improvements.
Bill has long-term business relationships with several local and regional firms which can be accessed for complex or large staffing engagements. In addition, Bill's thirty years with Ernst & Young and KPMG provide him with the relationships to determine the appropriate resources to access on a fee basis in the event of highly technical tax, accounting or other matters are present.
Bill graduated from Indiana University, with Distinction. He was Treasurer and Board member of the Metropolitan Planning Council in Chicago, Board member of the Real Estate Investment Association, 1987/1988 Chairman of the Real Estate Committee of the Illinois CPA Society and President of the Chicago Alumni Club of Indiana University.
