SERVICES AT TOPEL FORMAN

Tax Services

Expert tax planning, preparation, and compliance services for individuals and businesses across the U.S.

Topel Forman accounting firm professionals reviewing financial reports and tax documents during a client planning session.

Local Tax Accountants in Chicago and Denver

Since 1961, Topel Forman has been a trusted advisor to individuals and businesses seeking proactive, personalized tax solutions. Founded by Bill Topel and Bill Forman, the firm was built on deep expertise in taxation and planning, a legacy that continues to guide our work today. With offices in Chicago, IL, and Denver, CO, our team of experienced CPAs delivers comprehensive tax services tailored to meet the unique needs of each client. Our commitment to excellence, integrity, and client satisfaction has made us a leading firm in the accounting industry.

Our Tax Preparation Services

We offer a comprehensive suite of tax services designed to meet the needs of entrepreneurs, executives, growing companies, and high-net-worth individuals. Whether you need basic compliance or advanced planning, our team delivers insight and execution at every stage with critical attention to your unique goals and challenges.

Our Services

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Tax Compliance Services

Navigating the complexities of federal, state, and local tax regulations can be challenging. Our professionals ensure accurate and timely tax filings, helping clients maintain compliance and avoid penalties.

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Tax Projection and Effective Tax Rate Reviews

We provide forward-looking tax projections and effective tax rate analyses to help clients make informed financial decisions and optimize their tax positions throughout the year.

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Advanced Tax Planning

Our team develops sophisticated tax strategies that align with client’s financial goals, including wealth transfer planning, succession planning, and mergers and acquisitions structuring. We stay current with evolving tax laws and regulatory changes, helping you plan effectively in a competitive business environment while identifying opportunities to reduce exposure and mitigate tax liabilities.

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Tax Audit Support

Facing a tax audit can be daunting. We offer comprehensive audit support, representing clients before taxing authorities and working diligently to resolve issues efficiently. Our team is experienced in managing correspondence, documentation, and negotiations with the IRS and various state tax agencies.

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Estate and Gift Tax Planning

We assist clients in developing tax-efficient estate and gift plans that preserve wealth and facilitate smooth transitions to future generations.

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Retirement Planning and Analysis

Our experts guide businesses in establishing and managing retirement plans, ensuring compliance with regulations, and aligning with organizational objectives.

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Entity Formation and Restructuring

Choosing the right business structure is crucial. We advise on entity formation and restructuring to optimize tax benefits and support long-term growth.

Business Tax Services

In addition to core tax services, we also provide industry-specific tax guidance tailored to the challenges and regulations unique to your field. From construction to real estate, our Chicago and Denver CPAs bring industry fluency and financial clarity. Visit our Industries page for a larger list of businesses we serve.

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Construction

We understand the unique accounting and tax challenges in the construction industry, offering services tailored to contractors and builders.

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Auto Dealerships

Our team provides specialized tax and accounting solutions for auto dealerships, addressing inventory management, financing, and regulatory compliance.

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Real Estate

We offer comprehensive tax planning and compliance services for real estate professionals, including developers, investors, and property managers.

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Manufacturing

Our professionals assist manufacturers with tax strategies that address cost accounting, inventory valuation, and multi-state operations.

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Why Clients Trust Our Tax Firm in Chicago, IL

Topel Forman’s Chicago office has been serving clients for more than six decades, building a reputation for delivering high-quality tax services with a personal touch. Our deep roots in the community and commitment to client success make us a preferred choice for businesses and individuals alike.

Now Offering Full Tax Services in Denver, CO

Expanding our reach, Topel Forman’s Denver office brings our comprehensive tax expertise to clients in Colorado and the surrounding regions. We are dedicated to providing the same level of excellence and personalized service that our clients have come to expect.

Whether you’re in Chicago, Denver, or beyond, our team is here to help you plan smarter, stay compliant, and mitigate your tax liabilities with confidence. Contact us today to schedule a consultation.

Other Services Offered

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Accounting & Assurance

We analyze and report your company’s financial statements and identify potential concerns, leaving enough time to allow a practical and cost-effective resolution to issues.

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Taxation Services

Complications created by ever-changing tax laws and regulations have made advanced tax planning an essential element for companies operating in today’s marketplace to be successful.

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Consulting Services

We offer an expansive range of business consulting services to help our clients with compliance, strategic planning, financial management, economic projections, and forecasts.

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Wealth Management

Topel Forman offers a comprehensive suite of wealth management services. Let us support your financial goals and help you invest in your financial future.

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Family Office

We understand that each family has unique needs, and we work with all types of family offices to provide income tax planning, estate, gift tax planning, accounting services, and financial reporting.

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R&D Tax Credits

Businesses must constantly innovate if they want to continue growing and succeeding. The R&D credit aims to keep jobs in the United States and make U.S. manufacturing companies more competitive globally.