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Powell Tax Law Blog

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How to Settle Your IRS Tax Debt with an Offer in Compromise

If you're struggling with tax debt, the idea of paying a fraction of what you owe may sound too good to be true. But for some taxpayers, an Internal Revenue Service (IRS) program called an Offer in Compromise (OIC) can make that possibility...

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Preparing for Audit Season in 2026: What Texans Should Have Ready

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It's that time of year again, tax time. For many Texans, whether you’re a business owner, accountant, homeowner, or individual taxpayer, “au...
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AI Tax Advice: Risks, Rewards & Liability for Texas Taxpayers

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In three short years, generative artificial intelligence (Gen AI) has caused widespread, rapid transformation in business and finance, inclu...
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New Era of Cryptocurrency Tax Laws: What 2025 Investors Need to Know

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Cryptocurrency has moved from the financial fringe to the mainstream in 2025. No longer hidden in the shadows, cryptocurrency is being embra...
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