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Powell Tax Law Blog

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Cryptocurrency Taxes: How They Work and What Gets Taxed

Cryptocurrency awareness and ownership have skyrocketed in recent years like the price of its shining star Bitcoin, which this summer trades around $65,000 a coin, an increase from around $500 back in 2016.

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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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How a Tax Attorney Can Help You Navigate IRS Audits

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An IRS audit can be a stressful and confusing experience. Many people would rather have a root canal or sit next to a crying baby on an 18-h...
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Navigating 2024 IRS Challenges: Why Hiring a Tax Attorney Matters More

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Some things never seem to change as the taxpayers found themselves facing a familiar challenge this 2024 tax season: dealing with the Intern...
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