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Powell Tax Law Blog

Payment apps

New IRS 1099-K Reporting Rules for PayPal, Venmo, & Other Payment Apps

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 charge. Over the last 25 years, however, we have seen a transition from the C’s to D (digital payment!)...

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The Role of a Tax Attorney in Business Formation and Structure

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Every year in the United States there are some 5 million new businesses started, including more than a half million in Texas. Starting these...
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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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