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John P. Hoffman

Director

John Hoffman is a director with Baker Tilly Virchow Krause, LLP leading the historic tax credit practice. He has more than 18 years of experience in the fixed asset tax credit and incentive area including New Markets Tax Credits (NMTC), affordable housing, and renewable energy. John formerly led Baker Tilly’s cost segregation practice and has consulted on properties and portfolios ranging in value from less than $1 million to over $1 billion. John actively advises clients on green building energy efficient tax consulting incentives, real estate valuation, machinery and equipment valuation, property tax appeal, and business incentives. Prior to joining Baker Tilly, John practiced at an international accounting firm and also spent several years as a real estate developer.

Experience

  • Consults on both federal and state historic tax credit projects for a wide variety of clients and property types. This includes financial modeling and structuring, determining eligible costs, securing financing, and preparing cost certifications
  • Provides development advisory services to clients for newly constructed or renovated properties and/or when acquiring existing properties
  • Consults on affordable housing and NMTC transactions
  • Consults on fixed asset tax issues, real estate valuation, machinery and equipment valuation, property tax appeals, and business incentive engagements
  • Consults on renewable energy projects such as wind farms, solar farms, biomass facilities, biogas digesters, geothermal, and hydroelectric power facilities
  • Consults on cost segregation and related tax consulting analyses of all property types
  • Conducts analyses to support accounting method changes for tax credit and fixed asset issues
  • Provides support for IRS inquiries and defends audits of tax credit issues, cost segregation analyses, valuation, and related tax matters

Involvement

  • Contributor and speaker for the Illinois CPA Society on tax credit, incentive, and fixed asset issues
  • Speaker at various retail and real estate industry conferences on tax issues related to fixed assets
  • Certified member, past president, past vice president, and current board member of the American Society of Cost Segregation Professionals (ASCSP)

Education

University of Wisconsin–Madison
Master of Business Administration–Real Estate

Milwaukee School of Engineering–Milwaukee, Wisconsin
Bachelor of Science in Architectural Engineering
Bachelor of Science in Business Management

Registered Certified Public Accountant (CPA) in the state of Illinois
Registered Engineer in Training (EIT) in the state of Wisconsin