Thomas R. Johnson, CPA

Direct: 651.281.1849
Email: tjohnson@mahoneycpa.com

Tom is a Shareholder of Mahoney.  He is a graduate of St. Cloud State University with a degree in Accounting.  Tom has been employed in public accounting at Mahoney for more than 15 years.

Tom provides audit and accounting services to clients in the real estate industry. His primary area of practice includes real estate development and finance, housing tax credits, historic rehabilitation tax credits, cost certifications, audits, forecasts and projections, and deal structuring.  Tom also has extensive experience auditing not-for-profit affordable housing developers and HUD real estate projects.

Practice Areas

• Real estate audits/attestation
  • LIHTC cost certifications
  • HTC cost certifications
  • HUD cost certifications
  • Historic Rehabilitation Credit certifications
  • 10% Carryover Allocation certifications
  • Forecasts and projections
  • Annual real estate audits
• Tax
  • IRC Section 704(b) capital account analysis
  • Debt forgiveness and OID calculations
  • Exit tax analysis
  • Qualified contract computations
  • 50% bond test
  • Tax advice letters
  • Federal and State Low-Income Housing Tax Credits
  • Federal and State Historic Rehabilitation Tax Credits
  • Opportunity Zones 

Professional Activities and Memberships 

• American Institute of Certified Public Accountants
• Minnesota Society of Certified Public Accountants
• American Bar Association Affordable Housing Forum
• Urban Land Institute
• Association of Certified Fraud Examiners

• Twin Cities Leadership, 2011-2012