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Powell Tax Law Blog

Tax Implications

Understanding the Trust Fund Penalty

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’s. That is because the “trust fund” in question is not the type somebody inherits, but this “trust f...

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Major Tax Changes for 2022

New 2022 Tax Laws
When we think of important tax dates, April 15 always comes to mind – after all, the traditional IRS tax deadline day is usually the culmina...
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Top Reasons Why You Should Hire a Tax Attorney

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Facing an audit or tax problems from the Internal Revenue Service (IRS) might seem like a “rich man’s problem” at first glance but past rese...
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Keep an Eye on These Important Tax Dates for the Remainder of 2022

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Sometimes it is easy to think that “tax season” runs from January to the all-important April 15 date, which fell on April 18 this year thank...
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