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Learn more about Muck RackWilliam Timlen, CPA, has more than three decades of experience in tax, accounting, and management. He focuses on partnership taxation and passive activity loss rules, with a strong understanding of profit-and-loss allocations and distributions. He advises borrowers on the tax implications of debt restructurings and distressed real estate transactions, including foreclosures, deeds-in-lieu, and bankruptcy. He also works closely with real estate owners and developers on strategic tax planning. He…