Decades of tax method expertise, backed by real construction and finance experience.

Eric Wallace has spent more than 30 years focused on tax method changes, Tangible Property Regulations, and depreciation strategy for construction, real estate, and manufacturing companies. He has run his own CPA firm, led the commercial real estate practice for a regional Pennsylvania firm, and served as a partner responsible for firm-wide tax strategy.

He is a longtime member of the AICPA and its Council, served on the task force that authored the AICPA's Financial Reporting Framework for Small and Medium Entities, and is a past president of the Pennsylvania Institute of Certified Public Accountants. Eric has also chaired the Tax and Fiscal Affairs Committee for the Construction Financial Management Association and currently serves on the same committee for the Association of General Contractors nationally.

He is the author of two CCH reference books on construction tax and audit practices, a contributor to CCH's Accounting Research Manager and IntelliConnect platforms, and the creator of TaxMethodChanges.com and the Tangible Property Regulation Toolkit — subscription resources used by CPA firms nationwide. Eric has served as an expert witness in construction-related litigation, accounting malpractice cases, and IRS audit disputes, and remains a frequent speaker at AICPA and state CPA society conferences.

Tom Murphy brings a rare combination to cost segregation: he's worked construction finance from the field and the lender's desk, not just the tax side. Early in his career he handled forward planning and land acquisitions for Fieldstone Homes and evaluated construction loan risk as a construction loan analyst for Norwest Banks — experience that gives him a practical read on how a building actually gets built and financed, not just how it depreciates.

That construction background carried into a long career in mortgage lending, including senior loan officer roles with HomeServices Lending and Movement Mortgage, where he was consistently ranked among the top originators nationally and recognized for customer satisfaction. He also founded a CRM startup built specifically for real estate sales workflows, and has held a California real estate broker's license since 2001.

Most recently, Tom served as Vice President of National Sales and Marketing for Green Zip® drywall tape, leading a 200-person national sales force and working directly with developers and contractors on accelerated-depreciation drywall strategy — the same product he now brings to clients through Murphy Tax Strategies and TPTM. He is also a part-time accounting instructor at MiraCosta College, where he teaches QuickBooks and is a certified QuickBooks ProAdvisor.