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Powell Tax Law Blog

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Tax Scams for 2025

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 end of February was not something you want to see as it was the tax agency’s annual list of tax scams.

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Navigating Bankruptcy and Taxes: Key Considerations for Filers

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Bankruptcy can offer a fresh financial start, but it's crucial to understand how it intersects with tax obligations.
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Understanding the Tax Brackets for 2024: What You Need to Know

Tax brackets
The Internal Revenue Service (IRS) released its annual inflation adjustments for tax year 2025 on Oct. 22 and it’s the tax brackets are bein...
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Maximizing End-of-the-Year Tax Credits: What You Shouldn't Overlook

tax credits
As the year draws to a close, savvy taxpayers know it's time to start thinking about maximizing their tax credits. These valuable tools can ...
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