Atty. Megan E. Toal
Megan is skilled at efficiently researching, drafting, and/or summarizing complicated tax issues and structures for both tax and non-tax audiences. She is responsive, offers practical solutions in a user-friendly way, and addresses client questions in a succinct yet thoughtful and thorough manner.
Profile Summary
About Megan E. Toal at a glance
Megan E. Toal is a tax attorney based in Chicago, Illinois, practicing at Barack Ferrazzano. Admitted to practice in Illinois, Illinois State Bar Association. Educated at Loyola University Chicago (J.D., 2015) and Indiana University Bloomington (B.A., 2010). Recognitions include Best Lawyers in America — Tax Law (2026). Serands clients in Chicago, IL and the surrounding metropolitan area.
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About
- Megan is skilled at efficiently researching, drafting, and/or summarizing complicated tax issues and structures for both tax and non-tax audiences
- She is responsive, offers practical solutions in a user-friendly way, and addresses client questions in a succinct yet thoughtful and thorough manner
- Megan is a partner in Barack Ferrazzano’s Tax & Business Planning Group
- She has counseled publicly traded corporations, REITs, and closely held businesses on a wide array of federal tax matters, including tax aspects of structuring joint ventures, mergers and acquisitions, internal restructurings, dispositions, recapitalizations, and other corporate transactions
- Megan has specific experience handling acquisition-related matters, from structuring and diligence to review of transaction documents and post-closing integration
- In addition, she has experience advising multinational clients on income and withholding tax issues, including FIRPTA, FATCA, and tax treaty analysis
- Megan has also advised financial institution clients on a range of S corporation matters, including reviewing trust agreements for shareholder eligibility and advising on inadvertent terminations
- Prior to joining the firm, Megan regularly performed state tax due diligence reviews for prospective mergers and acquisitions, primarily on behalf of private equity clients at a Big Four accounting firm
- In addition, she identified potential tax risks associated with clients’ proposed transactions and post-acquisition action plans
Practice Areas Explained
Megan E. Toal's Areas of Practice
Each practice area below reflects the types of cases Megan E. Toal handles, with a brief overview of what that area of law covers.
Tax attorneys handle IRS audits, tax debt, international tax, estate planning, and tax court litigation.
Megan E. Toal is one of 85,302 tax attorneys indexed nationally. Browse tax attorneys in Illinois →
Jurisdictional Context
Why local counsel matters in Illinois
Practicing law in Illinois. Legal matters in Illinois are governed by state-specific rules of civil and criminal procedure, statutes of limitations, and substantive law. Cases originating in Chicago are typically filed in the local municipal court or the appropriate Illinois state district court, depending on subject matter and amount in controversy. An attorney licensed in Illinois brings working knowledge of local procedural deadlines, judicial practices in this andnue, and the substantive law that applies to cases brought here. Out-of-state attorneys generally cannot represent clients in Illinois courts without local counsel or pro hac vice admission.
Looking for additional Illinois attorneys? Browse all attorneys in Chicago or all attorneys in Illinois.
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