Topel Forman Blog

The Inflation Reduction Act: what’s in it for you?

The Inflation Reduction Act: what’s in it for you?

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future, it contains, extends, and modifies many climate and energy-related tax credits that may interest individuals.

read more
Benefit From The Purchase of An Electric Vehicle

Benefit From The Purchase of An Electric Vehicle

The law states that additional guidance will be issued before December 31, 2022. However, the current law has several additional provisions that take effect on January 1, 2023. It includes credits for preowned electric vehicles, changes to how the credits are calculated, bifurcations between mineral and battery requirements, and other limitations.

read more
Crypto Currency Is Not Subject To Wash Sale Rules

Crypto Currency Is Not Subject To Wash Sale Rules

However, crypto is viewed as property, and the wash sale rules do not apply. The build back better bill was going to include a provision to expressly address this and have crypto fall under these provisions (or something similar) however, the bill did not become law.

read more
Summers At Topel Forman

Summers At Topel Forman

At Topel Forman, we often talk about balance which can mean many things, including reconnecting, providing flexible time off, and more. In our field, by nature, we always have busy tax seasons. As a result, employee satisfaction has always been at the forefront of our strategy, and we have recently further embraced the concept of creating a work and life balance culture. We promote the well-being of our employees, both in and out of the office.

read more
Three tax breaks for small businesses

Three tax breaks for small businesses

For 2018 through 2025, the qualified business income (QBI) deduction is available to eligible individuals, trusts and estates. But it’s not available to C corporations or their shareholders.

read more
The GST tax and your estate plan: What you need to know

The GST tax and your estate plan: What you need to know

The generation-skipping transfer (GST) tax is among the harshest and most complex in the tax code. So, if you’re planning to share some of your wealth with your grandchildren or great-grandchildren — or if your estate plan is likely to benefit these generations — it’s critical to consider and plan for the GST tax.

read more
Weathering the storm of rising inflation

Weathering the storm of rising inflation

Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies. Is it time for business owners to panic? Not at all. As of this writing, a full-blown recession is possible but not an...

read more

About Topel Forman

What makes our firm special

News & Events

The latest news you need

Our Team

Specialists in your industry