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Powell Tax Law Blog

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Understanding Back Taxes: Causes, Consequences, and Remedies

Owing the Internal Revenue Service (IRS) back taxes can be one of the most stressful things in life and can easily provoke the “fight, flight or freeze” response, and each response can have a dramatic outcome: “Flight” is reserved only for ...

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Reminder: Report All Income Including Gig Economy Jobs and Tips to IRS

Waiter receiving tips
Paying taxes on your income in the U.S. used to be straightforward. Your employer provided you with a paycheck and did all the heavy lifting...
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How to Prepare for an IRS Audit

Tax Audit
Nothing strikes fear in the heart of the American taxpayer than the threat of an IRS audit. The good news is that the odds of getting audite...
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