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Powell Tax Law Blog

End of Year Giving

How End-of-the-Year Giving Can Help Reduce Your Tax Burden

Taxpayers that did not donate to their favorite charities on Giving Tuesday last month still have time for year-end giving that can help reduce their 2022 tax burden.

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For the Record: What Type of Documents to Keep and for How Long

Stack of documents
Shred it or keep it? It’s a question many of us ask when we look at an ever-growing pile of bills, receipts, documents, and records.
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You Don’t Have to be The Boss to Prepare for a Recession: Actions Employees Should Take

Man with back turned watching a recession begin
The odds of a recession in the U.S. economy in 2023 are not inevitable, but the likelihood of a widespread, prolonged downturn has grown thi...
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IRS Plan to Hire New Agents and What That Means for Taxpayers

People waiting  in an office to be interviewed
News that the Internal Revenue Service (IRS) plans to hire some 87,000 new employees over the next decade has some taxpayers guessing if tha...
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