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Powell Tax Law Blog

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The Importance of Accurate Record-Keeping for Tax Compliance

For businesses of all sizes, accurate record-keeping is not just good practice, but it is essential for tax compliance and long-term financial health.

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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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Treasury Department Limits Enforcement of Corporate Transparency Act

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The U.S.Treasury Department announced on March 2, 2025, that it will not enforce penalties or fines under the Corporate Transparency Act (CT...
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Tax Scams for 2025

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While “The Dirty Dozen” was an entertaining 1967 action movie with a host of Hollywood stars,“The Dirty Dozen” released by the IRS at the en...
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