Partner, Co-Leader of Anchin's Real Estate Group
Marc Wieder, CPA, is an accounting and audit partner at Anchin with over 30 years of experience servicing the accounting, business, and financial needs of real estate companies and their owners. He has extensive experience in the area of federal, state, local, personal and business taxes. As Co-Leader of the Real Estate Group at Anchin, Marc routinely helps to shed new light into the complex world of taxation, particularly as it relates to selling and acquiring real estate.
Marc has written numerous articles on various real estate topics published in Real Estate Weekly, Real Estate New York, Real Estate Journal, Shopping Center Business, and other publications. He frequently lectures for large groups and currently writes a monthly column for Real Estate Weekly. He served for 10 years on the advisory board to the University of Buffalo Department of Accounting and Law.
Marc was named among the 2015 Top 10 Public Accounting Professionals in New York by NAPAP. He is a member of the American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA), the Real Estate Board of New York (REBNY). Marc is on the board of The Fashion Center Business Improvement District.
- Accounting and Auditing
- Cost Segregation
- Private Client
- Real Estate
- Planning Ahead: Expected Changes for the Real Estate Industry July 15, 2021
The Trump Administration enacted one of the largest changes to the tax code when it passed the Tax Cuts and Jobs of 2017 (“TCJA”), which contained various provisions that resulted in significant benefits to the real estate industry, such as the pass-through deduction and the extension of bonus depreciation, to name a few. The question now is, how will this, and other long-standing federal policy norms that the real estate industry relies on to do business, all change under the Biden Administration?
- Biden Tax Proposal Would Squeeze Apartment-Building OwnersMay 11, 2021
The Biden proposal has yet to become part of a bill and passed by Congress. But property investors already view it as the latest threat to their business after the pandemic undercut many of the biggest real-estate categories. Widespread work-from-home policies have reduced office demand while travel restrictions have hurt hotel owners.
- Best Bosses 2021April 5, 2021
MARC WIEDER & ROBERT GILMAN Anchin, Block & Anchin As partners and co-leaders of the real estate practice group at Anchin, Block & Anchin, Marc Wieder and Robert Gilman lead a 36-member team that represents some of the biggest players in commercial real estate on everything from transactional guidance and 1031 exchanges to advisory on tax strategy to cash flow analysis. The duo has an impressive reputation among both clients and colleagues.
- Want Commercial Property Tax Relief? Don't Hold Your BreathMarch 28, 2021
Economic slumps traditionally set off battles between local governments trying to make up lost revenue by holding the line on property taxes and property owners trying to cut their taxes to be more in line with their diminished bottom lines. For many commercial property owners, the pandemic-inspired recession has set that dynamic in play once again but with some new twists. For one thing, not all owners have had a hard time, such as most industrial owners. More importantly, tax experts say the prospect of a relatively short downturn might give taxing authorities the upper hand.
- Groups See Target on 1031 ExchangesMarch 26, 2021
Concern is mounting that the Biden Administration’s next policy package could eliminate a crucial tax break for commercial real estate owners, which could translate into lower transaction volumes and demand for lending.
- UpClose With Anchin: Supporting Growth From InsideMarch 17, 2021
NEW YORK CITY—Founded in 1923 in New York, Anchin is recognized as a top-tier firm nationwide in terms of its quality, management, scope of services and work environment. The firm provides privately-held businesses and high net-worth individuals with a wide range of traditional and traditional advisory services, which include accounting and audit; tax planning and compliance; tax credits and incentives; management and succession advisory; and litigation support, forensic accounting and valuation.
- Changes to Accounting Rules Provide Alternatives to Costly Performance Record VerificationsFebruary 3, 2021
Aspiring investment managers looking to raise capital often find a lack of a documented track record of past performance to be a roadblock. However, with recent changes to accounting rules, investment managers may have caught a break. The Statement on Standards for Attestation Engagements No. 19 - Agreed-Upon Procedures Engagements (“AUP” or “SSAE 19”), issued in December 2019 may provide alternatives to performance record verifications that have previously been accomplished through costly examinations or Global Investment Performance Standards (GIPS) verifications.
- What Does the New Stimulus Package Mean for Landlords? February 3, 2021
The highly anticipated second stimulus relief package, released shortly before the holidays, on December 22, 2020, has a provision that will finally provide benefits to property owners.
- QIP vs. Repair Regulations – Decisions, Decisions, Decisions…February 3, 2021
Has your business been hit hard by the COVID-19 pandemic? While many business’s operations have been greatly affected by the pandemic, the good news is that much needed relief is now accessible to many. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020, providing widespread economic relief, including some significant tax law changes. The new CARES Act provision on qualified improvement property (QIP) tax treatment is particularly noteworthy for taxpayers in the real estate, restaurant, retail, and hospitality industries as these businesses have been hit hard by the COVID-19 pandemic.
- Anchin’s Real Estate Group’s Robert Gilman and Marc Wieder Named to Crain’s New York’s 2021 Most Notable in Real EstateFebruary 2, 2021
NEW YORK--(BUSINESS WIRE)--Anchin, Block & Anchin LLP (“Anchin”), a leading accounting, tax and advisory firm, today announced Robert Gilman and Marc Wieder, co-leaders of the Real Estate Group, have been recognized on Crain’s New York’s Notables in Real Estate list for 2021. The award honors real estate executives who have significantly impacted the New York City real estate industry, and celebrates their professional, civic and philanthropic achievements.
- How Class C Apartment Residents are Getting ByDecember 29, 2020
The pandemic’s impact on apartment dwellers hasn’t been uniform.
- Multifamily Beats the OddsNovember 18, 2020
While hotels, retail and offices sink, the multifamily sector is sailing along.
- Key Accounting and Financial Reporting Disclosure Considerations for 2020 November 4, 2020
With so many changes and challenges, now is the time to start assessing the impact on your financial reporting. Addressing these issues early will save time later and give you adequate time to prepare.
- How the Loss of Additional $600 Weekly Unemployment Checks Affected the Real Estate MarketNovember 4, 2020
This additional $600 benefit expired on July 31, 2020. While tenants had collected enough for their August rents, without the additional benefits in August, landlords were bracing for a downturn when it came to September rent.
- Tax Basis Method Capital Reporting Requirement and What It Means to YouNovember 4, 2020
This reporting requirement is no small undertaking and may require a review of all prior year tax returns and Schedule K-1s starting from a partnership's inception.
- Industry Executives Take Long View on COVID RecoveryJuly 17, 2020
The coronavirus pandemic is likely to infect the city’s real estate sector well into next year, according to a new survey of C-Suite executives.
- The Transition Away From LIBORJuly 15, 2020
The use of the London Interbank Offered Rate (LIBOR) as a benchmark rate has become ubiquitous over the last several decades. Yet LIBOR will cease to exist beyond 2021 without a single universal rate to replace it. The potential disruption has the financial markets worried and implications will be vast. Is your company prepared for this transition?
- Qualified Improvement Property (QIP) OpportunitiesJuly 15, 2020
The new QIP guidance issued by the CARES act provides a wide range of flexibility and options for building owners. See below for more information on the various QIP opportunities and helpful hints to maximizing your tax relief.
- Qualified Improvement Property (QIP)July 15, 2020
As many of you may recall, Congress made a technical error when drafting the Qualified Improvement Property (QIP) section of the CARES Act. Qualified Improvement Property (QIP) is defined as any improvement to an interior portion of a building which is nonresidential real property if the improvement is placed in service after the date the building was first placed in service by any taxpayer. This drafting error, referred to as the “retail glitch,” intended QIP to be defined as 15-year property eligible for bonus depreciation. However, the law was incorrectly written and QIP was defined as 39-year property, making it ineligible for bonus depreciation.
- 20 Things To Know About the New Tax DeadlineJuly 2, 2020
In response to the coronavirus pandemic, the Internal Revenue Service has extended the deadline to file and pay any taxes owed from the original date of April 15 to July 15. everything you need to know." data-reactid="18">If you’re planning on taking advantage of the new deadline, here’s everything you need to know.
- Rebuilding Your Business in the Face of COVID-19 June 25, 2020
Rebuilding your business in the face of COVID-19
- What You Need to Know about Additional Opportunity Zone Relief Available due to COVID-19 PandemicJune 5, 2020
Qualified Opportunity Funds (“QOF”) and their investors have been working diligently to try and meet certain time-sensitive deadlines in order to comply with various Opportunity Zone rules. Due to the COVID-19 pandemic and the quarantine restrictions instituted by local governments, meeting these deadlines has been challenging, if not impossible. The Internal Revenue Service has released Notice 2020-39 (“the Notice”) providing much-needed relief for QOFs and their investors. The Notice provides relief for the 180 day investment requirement for QOF Investors, the 90 percent investment standard for QOFs, and the 30 month substantial improvement period. The Notice also confirms the 24-month extension of the working capital safe harbor and the 12-month extension for QOFs to reinvest certain proceeds.
- Bracing for More Job Losses, Looking Toward Better DaysJune 4, 2020
As tomorrow’s U.S. unemployment numbers are predicted to hit at least 20 percent due to the COVID-19 shutdowns, economists and commercial real estate experts say there will be post-pandemic changes on the commercial real estate landscape during the slow road to recovery.
- Questions New York's CRE Companies Have for Their AccountantsMay 20, 2020
NEW YORK CITY—The pandemic has caused a level of economic disruption never seen before. Not surprisingly, real estate companies have many questions for the professionals that they rely on, such as financial advisors and accountants. Marc Wieder, an accounting and audit partner at the real estate group at Anchin, Block and Anchin, one of North America’s largest public accounting firms, has been fielding queries from the firm’s New York’s owners, developers, fund managers, agents and brokers, since day one.
- Coronavirus PPP Exclusion Puts Landlords in Financial JeopardyMay 20, 2020
While lawmakers provided aid to small businesses across the country through their multitrillion-dollar stimulus legislation, landlords have been unable to apply for funding – leaving some facing serious financial challenges.
- What You Need to Know About the Real Property Income and Expense (RPIE) Extension for Filing and the New RequirementsMay 19, 2020
In response to the COVID-19 pandemic, the NYC Department of Finance (DOF) has extended the deadline for the submission of 2019 Real Property Income and Expense (RPIE) statements and storefront registry (new for this year - see below) filings from June 1, 2020 to July 1, 2020. Submissions must be filed electronically, unless you have previously been granted a waiver allowing you to file by mail. New York City continues to expand the type of information real estate owners are required to disclose. Here is a brief reminder of certain filings required to avoid penalties and maintain your rights to challenge assessments.
- Key Considerations for Real Estate Entities on PPP Loan IneligibilityMay 4, 2020
If a business applies for and receives a PPP loan that they are ineligible for, they will be subject to civil or criminal penalties. On April 23rd, the SBA and the treasury stated that if a borrower made a false certification and returns the funds by May 7th, the government will not take any action against the borrower. Many believe that May 7th is a catch-all date to return funds for any reason, including ineligibility, to avoid the government from assessing any penalties, although this has not been stated by the government and therefore we suggest you consult your attorney.
- 19 Things To Know About the New Tax DeadlineMay 4, 2020
In response to the coronavirus pandemic, the Internal Revenue Service has extended the deadline to file and pay any taxes owed from the original date of April 15 to July 15. If you’re planning on taking advantage of the new deadline, here’s everything you need to know.
- Important Changes From the CARES Act Provide Relief to the Real Estate IndustryApril 30, 2020
The recently passed CARES Act repealed provisions of The Tax Cuts and Jobs Act (TCJA) of 2017 that eliminated the ability to carryback Net Operating Losses (NOLs) and also limited the use of an NOL carryforward to 80% of taxable income. This important change now allows for NOLs incurred in tax years 2018, 2019 and 2020 to be carried back 5 years allowing for tax refund claims.
- Congress Approves $484 Billion Coronavirus Relief BillApril 24, 2020
// Congress Approves $484 Billion Coronavirus Relief Bill // // // // The House of Representatives on Thursday passed a $484 billion interim coronavirus relief bill that provides an additional $310 billion for the Paycheck Protection Program (PPP), a new loan program for distressed small businesses that ran out of funding last week. The legislation, which is expected to be signed immediately by President Trump, is designed to supplement the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act that became law at the end of March.
- PPP Application Commonly Asked QuestionsApril 24, 2020
The Federal government approved $349 Billion for the Paycheck Protection Program (PPP), all of which has been allocated to loan applicants. As we anxiously await additional funding for this program, we thought it would be helpful for those that have yet to apply to learn from the trials and tribulations of those that have filed their applications. Here are some of the frequently asked questions we have received from applicants.
- The CARES Act Provides New Refund Opportunities April 23, 2020
The Tax Cuts and Jobs Act (TCJA) of 2017 limited the amount of business losses that a non-corporate taxpayer can utilize to offset their non-business income.
- NYC Apartment Landlords Seek Federal HelpApril 21, 2020
New York City’s multifamily landlords say they need federal help to avoid a devastating blow to the housing system from the economic fallout of the COVID-19 pandemic.
- Landlords Say Property Owners Shouldn't Be Excluded From Federal ReliefApril 20, 2020
Landlords say they need federal help to avoid a devastating blow to the housing system, as unemployment surges and leaves hundreds of thousands of city households without the cash for rent.
- Small Businesses Find Mixed Results Navigating Federal ReliefApril 7, 2020
Small-business leaders in the federal government and across the nation dug into the details of the $349 billion Paycheck Protection Program on Monday, in a conversation that gave clarity to its loan requirements but led some panelists to criticize its initial rollout.
- Are Real Estate Businesses Eligible to Participate in the Paycheck Protection Program (‘PPP Loans’)?April 6, 2020
There is a concern that several types of real estate businesses considered “passive” under the SBA rules may not qualify without further clarification from the Treasury. Real estate management companies are not considered passive and are therefore eligible for PPP.
- A Message from Anchin's Real Estate GroupApril 1, 2020
The Real Estate Group at Anchin encourages you to work with professionals that have a deep understanding of the CARES act and how it will affect the Real Estate market.
- Qualified Opportunity Zones: Where Do We Stand?February 14, 2020
On December 19, 2019, the Internal Revenue Service (IRS) issued Final Regulations relating to Qualified Opportunity Zones.
- Anchin Discusses What’s Next in Real Estate and Construction With Distinguished Industry Leaders at Future Forward 2020February 4, 2020
Anchin hosted its 6th annual industry-leading forum, Future Forward 2020: What’s Next for New York Real Estate and Construction, on February 4 at the Sheraton New York Times Square Hotel. The half-day conference brought together leading real estate owners and developers, construction executives and other key business decision-makers to discuss the rapidly transforming New York City market.
- Lessees: A Stitch in Time Will Save Problems Down the LineDecember 30, 2019
On November 15, 2019, the Financial Accounting Standards Board (FASB) announced it had officially delayed implementing certain accounting standards for private companies, including the new lease accounting standard (ASC 842) for an additional year, from January 1, 2020 to January 1, 2021. But don’t breathe a sigh of relief yet. You will need this extra time to understand the process involved and to collect all the necessary data in order to comply by the deadline.
- Opportunity zone investments bring bigger tax breaks if finalized this yearAugust 7, 2019
Marc Wieder, Co-Leader of the Real Estate Group at Anchin, is hearing from clients about their interest in the tax break.
- Insights on the Second Set of Qualified Opportunity Zone Regulations April 25, 2019
The long awaited second set of proposed regulations to the Qualified Opportunity Zone (QOZ) program were released on April 17, 2019. Unfortunately, per the U.S. Treasury, certain sections of the regulations can be relied upon by the taxpayer and some cannot.
- How Can a Cost Segregation Study under the TCJA Benefit You? January 15, 2019
Cost Segregation Studies have been around since the Hospital Corp of America case back in 1997. Many developers and property owners have taken advantage of this study to accelerate their tax deductions through depreciation on both their developments and acquisitions.
- Cost Segregation Studies Save Real Estate Even More Taxes Than Before, Thanks to TCJADecember 17, 2018
Since their introduction in 1997, cost segregation studies have allowed developers and property owners to accelerate their tax deductions through depreciation on both developments and acquisitions. But with the implementation of the Tax Cuts and Jobs Act (TCJA) in 2017, these studies are even more valuable now than they were before. Originally published by Commercial Observer.
- Economic Opportunity Zones vs. 1031 ExchangesDecember 14, 2018
The new Economic Opportunity Zones (EOZ) approved as part of the larger Tax Cuts and Jobs Act (TCJA) has been established to spur economic activity — and incentivize investors — in areas most in need. The program expands businesses’ ability to utilize a portion of the estimated $2.3 trillion of unrealized capital gains. If utilized effectively, this EOZ program could return far-reaching benefits to capital flows and incentivize increased activity for the real estate industry.
- Is Being Highly Leveraged a Good Thing?July 12, 2018
The 2018 Tax Act limits the deduction of business interest, therefore impacting the potential strategic value of being highly leveraged. According to the Act, beginning in years after 12/31/17, businesses will only be able to deduct interest expense up to 30% of its adjusted taxable income, plus its business interest income.
- A 1031 Post-Tax Reform UpdateApril 11, 2018
Real Estate Co-Leader, Marc Wieder, sat on The RealShare Lease Net Conference panel on 1031 Post-Tax Reform which provided pointers to consider with the new tax law.
- Q&A with Anchin’s Marc Wieder: Tax Reform’s CRE ImplicationsApril 2, 2018
The Tax Cut and Jobs Act signed into law by President Trump in December presents some new considerations that commercial real estate industry members will want to think through. Anchin’s Marc Wieder, who will give a special presentation on the tax law changes at Connect NY on April 17, offers insights here on the potential impact.
- Why Am I Paying Taxes If I Lost Money?April 2, 2018
Think about this concept: Based on tax reform, if you make money, you may pay less taxes, but if you lose money, you might pay more taxes. If your business is losing money, why would you pay more in taxes?
- Will you pay tax on 80% of your flow-through income? Maybe, Maybe NotApril 2, 2018
Many people who earn income from pass-through businesses think that under the 2018 Tax Act, they will only be paying tax on 80% of their flow-through income, since the Act provides for a deduction of 20% from this income. In fact, the least amount of the income you will pay tax on is 80% but you may in fact pay tax on 100%.
- Anchin Construction & Development Forum 2018February 15, 2018
The fourth annual Anchin Construction & Development Forum was held on February 15, 2018 at The New York Academy of Sciences.
- Amazon short list favors East Coast metrosJanuary 22, 2018
Robert Gilman and Marc Wieder, Co-Leaders of Anchin's Real Estate Group, remark upon Amazon’s widely anticipated short list of cities that made the cut for the next stage of its headquarters race.
- The Tax Reform: NY CRE Experts Weigh InDecember 27, 2017
Although obvious effects of the tax reform will be felt in filing 2019 returns, Marc Wieder and other real estate pros advise caution.
- Federal tax bill boosts New York real estate, hurts home ownershipDecember 19, 2017
Anchin partner Marc Wieder discusses the federal tax bill, and how the cap of the State and Local Tax (SALT) deduction at $10,000, combined with a new mortgage interest rate deduction could have a deeply negative impact on the housing markets in New York City, Long Island and Westchester County suburbs.
- Partnership Agreements and LLC Operating Agreements Need to Be Amended Now!December 4, 2017
Marc Wieder, Co-Leader of Anchin's Real Estate Group, encourages revising agreements to reflect new legislation.
- Space exploration: The solutions to land scarcityJune 9, 2017
Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, explains some of the latest development trends designed to combat this issue.
- Five Technology Innovations SharedFebruary 9, 2017
At the 2017 Anchin Construction & Development Forum, Mark Boekenheide of Hudson Yards, Jonathan Drescher of The Durst Organization, James Hannah of Bright Power, AJ Pires of Alloy, Peter Rosenthal of Savanna and Mitchel Simpler of Jaros, Baum & Bolles discussed the exciting and often risky topic of innovation as it relates to construction, design and development in and around NYC.
- Anchin Construction & Development ForumFebruary 9, 2017
The third annual Anchin Construction & Development Forum was held on February 9, 2017 at the TKP New York Conference Center. Hundreds of incredible, high-level professionals whose work greatly impacts the real estate, construction, architecture and engineering landscapes of the greater New York City area, came together to discuss trends, forecasts, ideas, innovations and other relevant topics.
- Supply Glut, Luxury Boom Are Jeopardizing Brooklyn's Value PlayDecember 5, 2016
On December 2, 2016, Co-Practice Leader of Anchin's Real Estate Industry Group, Marc Wieder, moderated a panel on the Retail & Hospitality Boom at Bisnow's 5th Annual Brooklyn State of the Market.
- Blame the Banks for All Those Boring Chain Stores Ruining Your City September 22, 2016
Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, explains that some landlords are more concerned with maintaining a high resale value than maintaining steady rent income at all costs.
- Should I invest in triple-net lease properties?August 10, 2016
Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, weighs the pros and cons of investing in a property with a triple-net lease.
- How to Buy Property With a Spouse, Friend or Business PartnerJuly 21, 2016
Marc Wieder, Co-Practice Leader of Anchin's Real Estate Group, points out that in the case of buying property with a spouse, it might be wise to place ownership in the name of the individual contributing the funds for purchase.
- Cost Segregation GuideJanuary 1, 2014
What is Cost Segregation? As a result of a tax case, Hospital Corp. of America, et al. v. Commissioner, 109 TC 21, Code Sec. 168, significant
- Anchin Future Forward 2020February 4, 2020
Photo Gallery for the Anchin Future Forward 2020 Conference:What’s Next for New York Real Estate and ConstructionPhoto Credit: Aaron Adler Photography
- Real Estate of Times Square 2013January 31, 2013
Photo Gallery for The Real Estate of Times Square 2013 held at The Harvard Club NYC
- Marc Wieder and Rob Gilman, Co-Leaders of Anchin's Real Estate GroupMay 10, 2020
Marc Wieder and Rob Gilman discuss how Anchin can help individual owners, multi-generational families and more save on their real estate transactions.
- Anchin Webinar: Tax Reform Discussion - How will the Bill Affect You? Get the Answers; Not Just the FactsJanuary 12, 2018
In this recorded webinar, Anchin assembled a panel of top professionals from varying viewpoints, including Real Estate, Financial Services, Professional Services, Technology, and Private Client to have a Q&A session on the effects of the new tax reform.