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.
Tax Law Attorney · Serving Chicago, IL
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). Serves clients in Chicago, IL and the surrounding metropolitan area.
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About 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
- 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 Legal Practice
Each practice area below reflects the types of cases Megan E. Toal handles, with a practical overview of what that area of law involves and how it may apply to your situation in Chicago.
Tax Law in Chicago
Tax attorneys handle IRS audits, tax debt, international tax, estate planning, and tax court litigation.
Megan E. Toal is one of 84,606 tax attorneys indexed nationally. Browse tax attorneys in Illinois →
Jurisdictional Context
Why Local Counsel Matters in Chicago
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 venue, 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.
Chicago Courts and Legal Process
Choosing a Chicago-based attorney means your counsel already knows the local docketing timelines, preferred filing formats, and how individual judges typically rule on procedural motions — details that only come from practicing in this jurisdiction day after day. That local familiarity can translate to better strategy, faster filings, and fewer costly surprises.
Looking for additional Illinois attorneys? Browse all attorneys in Chicago or all attorneys in Illinois.
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Professional Profile
Why Clients in Chicago Choose Megan E. Toal
Selecting an attorney is one of the most consequential decisions you can make when a legal matter arises. Below are the core qualities that distinguish Megan E. Toal's practice in the field of tax.
Focused Tax Practice
Concentrating on tax means Megan E. Toal's knowledge of relevant statutes, case law, and procedural nuances stays current — unlike generalist practices that spread attention across unrelated fields.
Local Presence in Chicago
A Chicago-based practice means Megan E. Toal attends hearings in the same courthouses, knows the local clerks, and understands the unwritten scheduling norms that affect every case filed here.
Case Types
Common Legal Issues Megan E. Toal Handles in Chicago
Below is a representative sample of the types of matters Megan E. Toal has experience with under Illinois law. If your situation involves one of these case categories, this attorney may be well positioned to help you understand your options.
This list is illustrative, not exhaustive. Contact Megan E. Toal directly to discuss the specifics of your situation.
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How People Find Megan E. Toal Online
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Megan E. Toal's Practice Areas & Specializations
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