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Carl E. Wessels, CPA

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United States
Waxahachie, TX
Carl E. Wessels, CPA

Semi-retired now,
I am unable to take on new clients currently. Sorry
972-672-9968 Professionalism
My firm is one of the leading firms in the area.

My firm provides outstanding service to my clients because of my dedication to the three underlying principles of professionalism, responsiveness and quality. By combining my expertise, experience and enthusiasm for my profession, each client receives close personal and professional attention. High standards, service and specialization spell the difference between my outstanding performance and th

at of other firms. I make sure that every client is served by my in-depth knowledge and expertise. Responsiveness
My firm is responsive. Companies who choose my firm rely on competent, accurate advice and fast service. I provide total financial services to individuals, large and small businesses and other agencies. Through hard work, I have earned the respect of the business and financial communities. This respect illustrates my diverse talents, dedication and ability to respond quickly. Quality
An accounting firm is known for the quality of its service. My firm's reputation reflects the high standards I demand of myself. My primary goal as a trusted advisor is to be available and to provide insightful advice to enable my clients to make informed financial decisions. I do not accept anything less from myself and this is what I deliver to you. I feel it is extremely important to continually professionally educate myself to improve our technical expertise, financial knowledge and service to my clients. My high quality service and "raving fan" clients are the results of my commitment to excellence. I will answer all of your questions, as they impact both your tax and financial situations, and welcome you to contact me anytime.

12/02/2025

If you're in a dispute with the IRS, mediation — also called “alternative dispute resolution” — may be a helpful option. It's a voluntary, nonbinding process that may offer a faster, less stressful way to avoid lengthy appeals or costly court battles. Both parties to mediation can walk away at any time. Mediation is especially useful for taxpayers with limited issues or those seeking quicker resolution during the early stages of an audit. However, it doesn’t replace the audit or collection process and doesn’t allow new evidence. We’re here to discuss this and other options with you at (469) 786-2275.

12/01/2025

According to a recent Gallup poll, only 59% of Americans have saved money in an IRA, 401(k) or other work-based retirement plan. Unfortunately, most people can’t enjoy a secure retirement with Social Security benefits alone. If other priorities have prevented you from investing, contact us at {Phone%}. We can review your income, budget and goals and assist you in establishing a retirement savings plan that will help you catch up!

11/28/2025

The IRS has issued transitional guidance to auto lenders required to report certain vehicle loan interest for 2025. Under the tax legislation signed into law in July, interest on qualified passenger vehicle loans originated after Dec. 31, 2024, generally is deductible up to $10,000. Lenders must provide eligible taxpayers with the appropriate information to claim the deduction on their 2025 tax returns. According to the guidance, the IRS will consider that lenders have met their reporting obligations for interest received on a qualified vehicle loan in 2025 if they make statements available to buyers indicating the total amount of interest received. To learn more about the new vehicle loan interest deduction, contact us at (469) 786-2275.

11/26/2025

Sponsoring a qualified retirement plan is a tried-and-true way to help attract and retain employees. Among the most popular options is a 401(k). Your business’s contributions are tax deductible, and you may be able to use matching and a vesting schedule to encourage employees to stay with your company. But 401(k)s come in many varieties. Please contact us at (469) 786-2275 for help choosing the right one for your business (or another type of retirement plan).

11/25/2025

Businesses involved in some clean energy projects and products are hurt by the One Big Beautiful Bill Act. That’s because it accelerates the phaseout of certain tax credits and adds new restrictions to tax breaks related to solar, wind, and hydrogen power and electric vehicle charging stations. The dates that clean energy tax breaks end vary. Some may be available until 2026 or 2027. Contact us at (469) 786-2275 if you have questions about your situation. The date that projects begin construction is critical.

11/24/2025

Do you owe taxes you can’t pay? Don’t assume you’re out of options. We can negotiate with the IRS on your behalf to discuss the possibilities, such as a tax payment plan that works for you. Contact us at (469) 786-2275 for help.

11/21/2025

The IRS has announced its annual inflation-adjusted income tax brackets and other amounts. For 2026, the highest rate (37%) will apply to taxable income over $640,600 for singles and heads of households ($768,700 for married couples filing jointly and $384,350 for married taxpayers filing separately). The standard deduction is increasing to $16,100 for singles and married taxpayers filing separately ($32,200 for married couples filing jointly and $24,150 for heads of households). Single filers age 65 or older will be eligible to take an additional deduction of $2,050 ($1,650 per spouse for married filers). Alternative minimum tax exemptions and adoption credits are among the other items that have been adjusted for 2026. Contact us at (469) 786-2275 if you have questions about the impact of inflation adjustments on your tax situation.

11/19/2025

Running a business is challenging. Managing the finances of your business doesn’t have to be. From bookkeeping and accounting to tax planning and business advisory, we provide comprehensive services designed to keep your business on track and winning. Let us handle the numbers so you can focus on what matters most: operating a profitable business. Contact us at (469) 786-2275.

11/18/2025

If you own a life insurance policy, a portion of its proceeds could be lost to estate tax if your estate exceeds the gift and estate tax exemption amount. If you don’t own the policy, the proceeds won’t be included in your taxable estate. Using an irrevocable life insurance trust (ILIT) can keep life insurance policies out of your estate. An ILIT owns one or more policies on your life, and it manages and distributes policy proceeds according to your wishes. You aren’t allowed to retain any powers over the policy, such as the right to change the beneficiary. Contact us at (469) 786-2275 for details.

11/17/2025

Starting in 2026, tax law changes could increase the risk of getting hit by the alternative minimum tax (AMT). This is especially true for high earners. At least some income-based phaseout thresholds for the AMT exemption will drop, and the exemptions will be phased out twice as fast as in 2025. Add to that the impact of larger state and local tax deductions (which aren’t AMT-deductible), and more taxpayers could face the AMT. Call us at (469) 786-2275 for help assessing your risk and finding strategies you can implement now to minimize your taxes.

11/14/2025

Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution (ADR) mediation programs. These programs can help taxpayers efficiently resolve tax issues with the IRS. Taxpayers for whom mediation can be a good option include those who don’t have many disputed issues or who’re seeking an early resolution to issues under audit. Mediation doesn’t replace the audit or collection processes. The IRS’s Independent Office of Appeals has five ADR programs: Fast Track Settlement, Fast Track Mediation Collection, Post Appeals Mediation, the Rapid Appeals Process and Early Referral. Call us at (469) 786-2275 for details if you have a tax dispute with the IRS.

11/13/2025

Did you receive an IRS audit notice but believe you did nothing wrong? Some audits are random, and some can be resolved by mail. Others are triggered by red flags that may put the IRS spotlight on your tax return. Keeping up with ever-evolving tax laws can be challenging, but one common red flag that may draw attention is a sudden, unexplained spike or drop in your reported income from one year to the next. While legitimate income changes do happen, it’s important to be prepared to justify them. Contact us for help with this matter at (469) 786-2275.

Address

116 Santa Fe Trl
Waxahachie, TX
75165

Opening Hours

Monday	9am - 6pm
Tuesday	9am - 6pm
Wednesday	9am - 6pm
Thursday	9am - 6pm
Friday	9am - 6pm

Telephone

+14697862275

Website

https://www.wessels.cpa/

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