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John M. Ries, CPA, MBT
Officer and Shareholder



651-281-1840
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"My goal is to help our clients succeed. I want to provide high quality work at a fair price."

John M. Ries has over 30 years of experience in public accounting. He was the Firm’s Managing Partner from 2006-2014. He specializes in the taxation and structuring of real estate transactions, utilizing low-income housing tax credits, historic rehabilitation tax credits, and new markets tax credits.

Practice Areas

  • Real estate audit/attestation
    • Tax credit cost certifications
    • HUD cost certifications
    • 10% carryover allocation certifications
    • Forecasts and projections
  • Tax
    • Partnership tax returns
    • IRC Section 704(b) capital account analysis
    • Debt modification and COD calculations
    • Tax advice letters
    • Low-income housing tax credits
    • Historic rehabilitation tax credits
    • New markets tax credits

Education

  • St. John’s University – Bachelor of Science - Accounting
  • University of Minnesota - Master of Business Taxation (MBT)

Professional Activities and Memberships

  • Minnesota Housing Multifamily Advisory Committee
  • Minnesota Multi-Housing Association
  • National Council of State Housing Agencies
  • American Institute of Certified Public Accountants
  • Minnesota Society of Certified Public Accountants

Speaking Engagement Topics

John is a frequent speaker on tax matters related to the Low-Income Housing Tax Credit. Topics include:

  • Timing and Other Accounting Issues in Tax Credit Transactions
  • Best Practices - IRS Form 8609
  • Y15 & Exit Taxes
  • The IRS TAM's
  • Basis Issues (What can be included in Eligible Basis?)
  • Tax Credit Equity (Pricing, IRR, Pay-In Structure, Developer Fees)

Community Volunteerism

  • Leadership St. Paul
  • St. Odilia School Council (former member)
  • Former Little League Baseball & Pee Wee Hockey Coach