Karol Powell Accounting and Tax Service

03/07/2026

Time is running out to claim your refund from 2022. File ASAP before the April 15 deadline to avoid your refund going unclaimed. www.irs.gov/unclaimedrefunds

03/07/2026

Remarks by IRS Chief Executive Officer Frank J. Bisignano before the House Ways and Means Committee

02/12/2026

Are you searching for a reliable tax professional to help with your taxes? While most are honest and reliable, the warns you to avoid those who refuse to sign your tax return with their Preparer Tax Identification Number (PTIN). ‘Ghost’ preparers who don’t sign returns are very likely trying to scam you. Avoid these scammers by checking out the IRS tips on choosing the right for your tax situation: www.irs.gov/chooseataxpro

01/27/2026

I will be on Ga February 24-27. Let me know if you want to meet up with your taxes

01/27/2026

01/27/2026

Today is the start of the filing season. Don't forget that we have online tools and resources to help you file your return. You can create an Online Account to view your tax records, make a payment, view your balance and more. You can even use the Interactive Tax Assistant to find out if you qualify for credits and deductions. Familiarize yourself with these and other resources so you can file your return by the April 15 deadline.

Start preparing your return today at https://ow.ly/tyYW50Y3MjP.

01/17/2026

We want to hear from you. and Treasury have proposed changes that would revise the threshold amount for filing Form 1099-K. These changes would comply with the One, Big, Beautiful Bill. We're looking for comments on the proposed changes.

Learn how to make your voice heard at https://ow.ly/RoFR50XUcxK.

01/17/2026

Treasury and the share guidance on the permanent 100% additional first-year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One, Big, Beautiful Bill. Read more here: https://ow.ly/UfJF50XXpLT

12/21/2025

Legitimate charities do not pressure you to donate immediately. And they don't ask for gift card or wire transfer as payment. Look out for charity scams this holiday season and report them: www.irs.gov/scams

12/21/2025

Whether you currently participate in a Health Savings Account (HSA) or you're interested in getting one, changes under the One, Big, Beautiful Bill have expanded eligibility requirements. This opens the door for more people to save and pay for healthcare through this tax-free benefit. New guidance from and Treasury explain the changes.

Find out more about HSA eligibility changes at https://ow.ly/JjWq50XGSKe.

11/11/2025

Happy Veteran’s day to my veterans: Bob Powell, Joe Powell, and Gary Smedley. So proud of you