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...
Read More >Powell Tax Law Blog
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...
Read More >
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...
Read More >
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...
Read More >