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Powell Tax Law Blog

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Smart Tax Moves Every Young Adult Should Know

Stepping into adulthood brings a lot of new responsibilities—rent, groceries, insurance, and yes, taxes. Whether you're starting your first job, freelancing, or still in school and earning a little on the side, understanding how taxes work ...

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IRS Trouble for Contractors: Common Triggers & How to Avoid Them

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If you're self-employed in Texas, whether you’re a freelance designer in Austin, a gig worker in Houston, or a contractor working oilfield j...
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New IRS 1099-K Reporting Rules for PayPal, Venmo, & Other Payment Apps

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Until recently, if you wanted to pay for something you had to use one of the “four C’s” of payment methods: cash, check, credit card, or cha...
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