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Powell Tax Law Blog

Posted by Powell Tax Law on 12 Nov, 2024

Bankruptcy can offer a fresh financial start, but it's crucial to understand how it intersects with tax obligations.

Tax Law Bankruptcy

Posted by Powell Tax Law on 16 Oct, 2024

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...

IRS, Tax Law

Posted by Powell Tax Law on 4 Oct, 2024

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 ...

IRS, Tax Law, Dependents

Posted by Powell Tax Law on 19 Sep, 2024

Tax penalties are a common and significant issue for many taxpayers in the United States. The Internal Revenue Service (IRS) assesses millio...

Tax Law, Tax Debt

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