About Topel Forman
ALERTS AND ARTICLES
Stay up to date with the most recent industry news and what’s happening at Topel Forman
1031 Exchanges: Key Tax Rules and Requirements
Section 1031 of the Internal Revenue Code provides a way for taxpayers to defer capital gains tax on the sale of investment or business-use real estate, provided they reinvest the proceeds into another qualifying piece of real estate, adhering to strict rules and timelines.
Maximizing the Value of Your EBP Audit: Sponsor Tips and Firm Support
Topel Forman’s employee benefit plan audit services help plan sponsors meet ERISA and DOL compliance requirements while ensuring the accuracy, integrity, and long-term security of their retirement plans.
The Current State of Tax Reform: 2025 and Beyond
Learn about the current state of tax reform including some mechanisms of passing legislation through the reconciliation process, the current makeup of Congress, and more.
The Essentials of Employee Benefit Plan (EBP) Audits
This article introduces what Employee Benefit audits are, why they matter, and who needs them. It’s ideal for plan sponsors who are new to the concept or preparing for their first audit.
Maximize your QBI deduction with thoughtful planning
Discover key strategies to maximize your Qualified Business Income (QBI) deduction before it potentially expires in 2025. Learn how to navigate phaseouts, entity structures, and more to enhance your tax savings. Stay ahead with smart planning and ensure you capture this valuable opportunity.
Maryland Tax Update – Highlights of the Budget Reconciliation and Financing Act of 2025
Topel Forman explains the impact of Maryland's Budget Reconciliation and Financing Act of 2025, introducing higher income tax brackets, a capital gains surcharge, and revisions to pass-through entity taxation, effective for the 2025 tax year.
When saying “no” to an inheritance might make sense
Most people spend time planning how to leave an inheritance—but far fewer consider when it might be smarter to decline one. In some cases, accepting assets can create unintended tax burdens or complicate long-term wealth planning. This article explores why, when, and how disclaiming an inheritance could be a strategic financial move.
Proposed Legislation: 2025 Tax Reform – “The One, Big, Beautiful Bill”
As of May 22, 2025, the House of Representatives has passed the 2025 Tax Reform Bill—nicknamed “The One, Big, Beautiful Bill”—which proposes major changes to individual and business tax provisions, including permanent rate adjustments and expanded deductions. While not yet law, the bill now moves to the Senate for review and potential revision.
Topel Forman Honored at Lewis University
Topel Forman is honored to announce that it has been awarded the inaugural 2024 Community Partner Award by the Accounting Program and College of Business at Lewis University.
How to optimize your business interest deductions
Discover how optimizing interest expense deductions under IRC §163(j) can significantly impact your business's cash flow and financial planning. From legislative changes brought by the TCJA and CARES Act to strategies for maximizing deductions, this article explores the complexities and opportunities within this evolving tax landscape. Stay ahead with insights into managing debt structures and preparing for future regulatory shifts.
Avoid tax surprises: set up proper withholding now
Think your tax refund is just "extra money"? It might actually be a sign that your withholding is off, and that the IRS has been holding your money all year. This quick read breaks down how to fix that now, so you’re not stuck with a surprise bill (or a missed opportunity) next April.
Tax Implications and Benefits of Owning a Second Home
Understanding taxes on your second home can save you money and protect you from unexpected pitfalls. Learn about how rental income, personal use, and estate planning can impact your tax strategy. Read our comprehensive guide to make the most of your investment.
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1031 Exchanges: Key Tax Rules and Requirements
Section 1031 of the Internal Revenue Code provides a way for taxpayers to defer capital gains tax on the sale of investment or business-use real estate, provided they reinvest the proceeds into another qualifying piece of real estate, adhering to strict rules and timelines.
Maximizing the Value of Your EBP Audit: Sponsor Tips and Firm Support
Topel Forman’s employee benefit plan audit services help plan sponsors meet ERISA and DOL compliance requirements while ensuring the accuracy, integrity, and long-term security of their retirement plans.
The Current State of Tax Reform: 2025 and Beyond
Learn about the current state of tax reform including some mechanisms of passing legislation through the reconciliation process, the current makeup of Congress, and more.
The Essentials of Employee Benefit Plan (EBP) Audits
This article introduces what Employee Benefit audits are, why they matter, and who needs them. It’s ideal for plan sponsors who are new to the concept or preparing for their first audit.
Maximize your QBI deduction with thoughtful planning
Discover key strategies to maximize your Qualified Business Income (QBI) deduction before it potentially expires in 2025. Learn how to navigate phaseouts, entity structures, and more to enhance your tax savings. Stay ahead with smart planning and ensure you capture this valuable opportunity.
Maryland Tax Update – Highlights of the Budget Reconciliation and Financing Act of 2025
Topel Forman explains the impact of Maryland's Budget Reconciliation and Financing Act of 2025, introducing higher income tax brackets, a capital gains surcharge, and revisions to pass-through entity taxation, effective for the 2025 tax year.
When saying “no” to an inheritance might make sense
Most people spend time planning how to leave an inheritance—but far fewer consider when it might be smarter to decline one. In some cases, accepting assets can create unintended tax burdens or complicate long-term wealth planning. This article explores why, when, and how disclaiming an inheritance could be a strategic financial move.
Proposed Legislation: 2025 Tax Reform – “The One, Big, Beautiful Bill”
As of May 22, 2025, the House of Representatives has passed the 2025 Tax Reform Bill—nicknamed “The One, Big, Beautiful Bill”—which proposes major changes to individual and business tax provisions, including permanent rate adjustments and expanded deductions. While not yet law, the bill now moves to the Senate for review and potential revision.
Topel Forman Honored at Lewis University
Topel Forman is honored to announce that it has been awarded the inaugural 2024 Community Partner Award by the Accounting Program and College of Business at Lewis University.
How to optimize your business interest deductions
Discover how optimizing interest expense deductions under IRC §163(j) can significantly impact your business's cash flow and financial planning. From legislative changes brought by the TCJA and CARES Act to strategies for maximizing deductions, this article explores the complexities and opportunities within this evolving tax landscape. Stay ahead with insights into managing debt structures and preparing for future regulatory shifts.
Avoid tax surprises: set up proper withholding now
Think your tax refund is just "extra money"? It might actually be a sign that your withholding is off, and that the IRS has been holding your money all year. This quick read breaks down how to fix that now, so you’re not stuck with a surprise bill (or a missed opportunity) next April.
Tax Implications and Benefits of Owning a Second Home
Understanding taxes on your second home can save you money and protect you from unexpected pitfalls. Learn about how rental income, personal use, and estate planning can impact your tax strategy. Read our comprehensive guide to make the most of your investment.
No results found.
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