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Powell Tax Law Blog


What to Do If a Spouse Leaves You with a Surprise Tax Debt?

The United States divorce rate fell to a 50-year low in 2019, but even with that decline it still left 1.5 million Americans reeling from the, often unpleasant, dissolution of their marriages. “Divorce in America has been falling fast in re...

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Understanding the Trust Fund Penalty

Tax Implications
When it comes to IRS terms, “trust fund penalty” sounds like an oxymoron, but the phrase has more to do with FICA than it does with Ferrari’...
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Major Tax Changes for 2022

New 2022 Tax Laws
When we think of important tax dates, April 15 always comes to mind – after all, the traditional IRS tax deadline day is usually the culmina...
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Top Reasons Why You Should Hire a Tax Attorney

Facing an audit or tax problems from the Internal Revenue Service (IRS) might seem like a “rich man’s problem” at first glance but past rese...
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