Real Estate Development

We are your partner through the entire cycle of real estate development.

Building Your Equity

Accounting for Real Estate Development

Our team has over 100 years of collective experience working with real estate developers in Florida, Pennsylvania, and New Jersey. With a deep understanding of the real estate development process, we advise owners on entity selection, project funding, assist with the negotiation of financing terms, project cost analysis, budgeting, leasing decisions, cash flows, profit allocations among stakeholders, and sale to investors. We provide strategic tax advice that can have an immediate impact for owners from start to finish.

Tax Cuts and Jobs Act (TCJA)

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. One of the significant changes from this legislation impacting our real estate development clients was that the recovery period of qualified improvement property (QIP) was retroactively changed from 39 years to 15 years making it eligible for accelerated bonus deprecation and 100% expensing.

As a result of these revisions, taxpayers were allowed to change their depreciation deductions for 2018 and 2019 as it relates to QIP placed in service after December 31, 2017. The IRS then issued a procedure that allowed certain real estate partnerships that had made an irrevocable election to depreciate QIP over 40 years to revoke their elections and amend their returns and depreciate QIP over 15 years. It was the perfect storm.

One of our clients had made this irrevocable election in 2018. WM identified the opportunity to amend the return for the client which resulted in a change to the lives of the assets and the ability to elect bonus depreciation. As a result, the amended return included an additional loss to the partners of over $5.5 Million.

20 yrs.

As A Trusted Client

Our Clients Trust Us

Our valued clients are our most enthusiastic supporters.

Wouch Maloney & Company has played a vital role in the growth of our organization over the past twenty-two years. As a valued advisor and team member, W-M has guided us through times of rapid growth, recession, tax law changes and too many stressful situations to list.

W-M has assisted MRA in establishing short and long term objectives, and with structuring policies and procedures that provide a pathway to meeting those objectives, along with defined metrics to provide clarity in measuring our success. As our tax adviser, W-M has guided MRA in maximizing tax incentives and ensuring that we benefit from every tax reduction opportunity available to us. In every aspect, W-M has been a key to our success.

The firm provides quality service and value-added advice that has proven critical to the success of my company. In addition to overseeing my finances, Steve Wouch and Jeff Rieder act as advisors and my company does not make a significant business decision without their input. Our relationship spans over 40 years and I couldn’t imagine working with anyone else.

Our Real Estate Experts

Offering knowledge and skill attuned to the real estate market.

Business Advisor Maloney at Wouch Maloney - Accounting Audit Firm in Horsham & Philadelphia

John F. Maloney

Email: Send A Message
Call: 215.675.8364

Business Advisor Slade at Wouch Maloney - Accounting Audit Firm in Horsham & Philadelphia

Stephen J. Slade

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Call: 215.675.8364

Business Advisor Straccione at Wouch Maloney - Accounting Audit Firm in Horsham & Philadelphia

Adrienne Straccione

Email: Send A Message
Call: 215.675.8364

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