Tax, Audit, Firm and Regulatory News

Topel Forman is recognized with the Illinois CPA Society’s Time and Talent Volunteer Service Award

Chicago, June 2024 – We’re thrilled to announce that Topel Forman has been awarded the Time and Talent Volunteer Service Award from the Illinois CPA Society This recognition truly reflects the incredible dedication and commitment of our entire team to giving back to the communities we serve. To view their press release, click here. 

The ICPAS award honors organizations whose accounting and finance professionals actively participate in volunteer initiatives that make a positive impact.

This recognition is a tremendous honor, and it wouldn’t be possible without the unwavering effort and continued commitment of every single person at our firm. We are incredibly grateful to each and every team member who goes above and beyond to give back to our communities. Thank you for making a difference!

Here, we believe in fostering a culture of social responsibility. We are passionate about supporting organizations that make a positive impact on the lives of others. Whether it’s volunteering at local food banks or mentoring young professionals, we are committed to using our skills and expertise to give back. Click here to view more about our philanthropic philiosphy.

Topel Forman was founded in 1961. With thirteen partners and over one hundred forty professional staff, we are dedicated to providing world-class client service at all levels. Offering audit, tax, and advisory services, our professionals are dedicated to our clients and communities, inclusivity and more. The firm is an independent member of Moore North America, Inc. (MNA), which is itself a regional member of  Moore Global Netowrk Limited (MGNL.)

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Conservation easements: what they are and why the IRS is watching

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Conservation easements have a legitimate place in tax and estate planning, but for years promoters have been packaging them into abusive investment schemes that have drawn IRS enforcement. If you’ve been approached with one of these arrangements, or if you’ve already participated in a prior year, the consequences of getting this wrong include disallowed deductions, steep penalties, and in serious cases, criminal prosecution. This article breaks down how legitimate easements work, what the abusive versions look like, and what steps to take if you have questions about your situation.

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