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Powell Tax Law Blog

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Understanding Estate Taxes in Texas: What Families Need to Know

If you live in Texas, you may have heard that the Lone Star State doesn’t impose a state estate or inheritance tax - and that’s true. But that doesn’t mean estate taxes are off your radar. The federal estate tax can still apply, especially ...

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Decoding Tax Terminology: A Glossary for Texas Taxpayers

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Let’s face it—tax terminology can feel like a foreign language. Whether you're preparing to file your taxes, respond to an IRS notice, or si...
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The Importance of Accurate Record-Keeping for Tax Compliance

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For businesses of all sizes, accurate record-keeping is not just good practice, but it is essential for tax compliance and long-term financi...
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Tax Fraud in 2025: What You Need to Know and How to Protect Yourself

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Tax fraud isn’t just a headline—it’s a real risk that can impact anyone, from individuals to large businesses. With the IRS ramping up enfor...
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