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Powell Tax Law Blog

Wage Garnishment

Wage Garnishment: IRS Can Levy Your Paycheck to Satisfy Your Tax Debt

Paychecks these days seem to not go as far in the current environment of rising inflation, so imagine the heartache if a portion of those hard-earned dollars never make it to your bank account because the Internal Revenue Service (IRS) has ...

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Does the IRS Offer Installment Plans, and How Do I Get One?

Person preparing to pay taxes
It can be a helpless feeling when you get notice that you owe the Internal Revenue Service (IRS) any sum of money, but it can be especially ...
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What to Do If a Spouse Leaves You with a Surprise Tax Debt?

Divorce
The United States divorce rate fell to a 50-year low in 2019, but even with that decline it still left 1.5 million Americans reeling from th...
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Understanding the Trust Fund Penalty

Tax Implications
When it comes to IRS terms, “trust fund penalty” sounds like an oxymoron, but the phrase has more to do with FICA than it does with Ferrari’...
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