James E. Murphy, CPA
Managing Partner

Jim Murphy is a seasoned tax professional with over 35 years of experience. As a firm partner for over 30 years, Jim specializes in the areas of income taxation, estate planning, and wealth management. Prior to becoming partner, Jim worked for the Internal Revenue Service as a revenue agent and as a tax manager for a large national certified public accounting firm.


As one of the firm's visionaries, Jim has been instrumental in developing the firm's estate planning, trusteeship, trust administration, and wealth management services. As a tax consultant and financial advisor to many high net wealth individuals, Jim advises on complex multigenerational planning issues, including income and estate tax, works with various business professionals in developing financial plans, acts as trustee or co-trustee for over 100 trusts, and administers over 100 additional trusts. Jim's extensive tax experience also extends to corporations, where he works with a variety of industries in all areas of tax compliance and planning. Furthermore, Jim occasionally serves as a corporation officer or acting CFO.


Jim's societal memberships include the American Institute of Certified Public Accountants, the Illinois CPA Society, and John Carroll University Presidents Council. Jim is also a former officer of Ruth Lake Country Club. Moreover, Jim is involved in a wide range of philanthropic activities: Saint Ignatius College Prep, American Cancer Society, Evans Scholarship Fund, Children's Memorial Hospital, The Alzheimer Association, and he is also a founding donor of The NBC/John Carroll University Meet The Press Fellowship created in honor of friend Timothy J. Russert. Jim received his Bachelor of Science in Business Administration in Accounting from John Carroll University .

Home | Contact | Site Map

Copyright © 2004 JOHN R. WATERS & COMPANY
225 West Washington St., Suite 1120 | Chicago, IL 60606
p: (312) 554.3400 | f: (312) 554.3401