Chicago Tax Solutions

Located in the heart of Chicago’s financial district, the Monroe Street office serves complex, multi-entity businesses operating across industries like finance, real estate, and professional services. Sorren provides tax strategies that address multi-state exposure, regulatory complexity, and transaction readiness for organizations operating at scale.

Chicago Tax Solutions

179D Deduction

Capture valuable energy efficiency deductions with guidance through the 179D process.

Affordable Housing Tax

Support affordable housing initiatives with specialized tax credit and compliance guidance.

Cost Segregation

Accelerate depreciation and improve cash flow through strategic cost segregation studies.

Estate, Trust & Gift

Protect wealth and prepare for the future with personalized estate and gift tax planning.

Federal, State & Local Tax

Navigate changing tax regulations with proactive planning and compliance support.

International Tax

Manage cross-border tax complexity with guidance tailored to global operations.

Nonprofit Tax

Maintain compliance and protect exempt status with nonprofit-focused tax guidance.

Opportunity Zones

Maximize tax incentives and support strategic investments through Opportunity Zone planning.

Research Tax Credit

Identify qualifying activities and maximize available research tax credit opportunities.

Tax Audit Protection Plan

Reduce uncertainty with dedicated support and guidance during tax examinations.

Tax Authority Representation

Receive experienced support when responding to tax notices, audits, or disputes.

Tax Planning

Minimize tax exposure and uncover opportunities with proactive year-round tax planning.

Industries Served

Other Services

Contact Information

John Basso, CPA
John Basso, CPA
Office Partner-in-Charge
230 West Monroe St, Suite 2300, Chicago, IL 60606
Phone: 312-782-4710
Fax: 312-782-4711

Frequently Asked Questions (FAQs)

How do you handle Illinois "Base Income" and "Replacement Tax" for Loop businesses?

We manage the complexities of Chicago business taxation to ensure you are compliant with both state and local replacement tax rules.

Can you assist with "Multi-State Nexus" for Chicago-based firms?

If your Monroe St. business operates across state lines, we manage your tax exposure to prevent double taxation.

Do you provide tax strategy for Chicago tech and finance startups?

Yes. We help downtown innovators identify R&D credits and startup-friendly deductions to fuel early growth.

How do you manage "Cook County Property Tax" strategies?

We provide the financial data and strategy needed to manage and appeal property tax assessments for Monroe St. commercial assets.

Does Sorren assist with "Qualified Small Business Stock" (QSBS) for Chicago founders?

We help downtown entrepreneurs maximize federal tax exclusions when exiting their startups.