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Powell Tax Law Blog

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Can You Claim a Tax Deduction After a “Pig Butchering” Crypto Scam?

Losing money in a crypto scam is emotionally and financially devastating. After a pig butchering crypto scam, you may ask: Can you recover losses through your tax return?

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

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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 ...
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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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