JW Tax Resolution

11/11/2025

Traditional mortgages make accessing your home equity a hassle. But what if you could tap into it without refinancing or selling? Imagine using that equity for investments, renovations, or college funds—all tax-free. It's your money, after all.

08/15/2024

I just opened a letter from the IRS for one of our clients. Our team had a $1,321.50 penalty removed by making one phone call.

If you owe the IRS, get a letter from the IRS, or a tax lien from the IRS give us a call and we can solve it for you

JW Tax & Consulting Precision Tax Associates LLC

07/08/2024

Why do you believe the “rich” don’t pay taxes?

According to data from the Tax Foundation, in 2020, the top 1% of income earners in the United States paid about 40% of all federal income taxes.

Additionally, the top 10% of earners paid around 71% of all federal income taxes. This highlights the significant share of the tax burden borne by higher-income individuals.

The issue is that the government is spending more than they’re bringing in for taxes, which is causing us to go into a deficit.

03/04/2024

Great points in this article:

"The typical refund for the 2022 tax year — with tax returns due by April 18 — is $2,878 through April 7, a decline of 9.3% compared with the same year-ago period, according to the latest tax data available from the IRS."

"The main reasons for the decline: the expiration of government pandemic tax benefits, such as stimulus checks, the expanded Child Tax Care (CTC) credit and other generous tax rebates. That means many Americans are getting smaller refunds, or could be stuck owing the IRS, at a time inflation continues to strain household budgets."

"Many taxpayers wait until the last minute to file their returns, while millions request a filing extension each year. The latter gives taxpayers an extra six months to file their return, although the extension DOESN'T give people MORE time to pay the IRS if they are on the hook for unpaid taxes."

The average tax refund is shrinking this year, while more taxpayers owe money to the IRS.

02/20/2024

Don't forget to report your illegal activities and stolen property income this year on your tax return.

02/10/2024

AI technology amazes me every time I use it. I was working on an Oklahoma resident tax return and I asked GrokAI, GeminiAI, and ChtGpt the same question. "Commonly missed tax breaks for Oklahoma resident:" All three gave me somewhat of an answer that I could use. Chat GPT blew it out of the water and it was the quickest response time.

In all fairness, ChatGPT already knows I'm a tax professional so it doesn't say "Consult with a tax professional" 😄

02/18/2020

If you owe the IRS..Please contact a professional before you call, mail, or talk to the IRS. I've seen several times where the taxpayer had made an error that cost them thousands later. Give us a call at 214-504-2200

12/09/2017

I wonder if Trump will do away the use of third party debt collectors to come after taxpayers that owe the IRS since it was put in place by Obama? I doubt it. Give me a call if you owe the IRS and don’t know how to resolve the issues. I can help you all the way to your tax debt resolution and sleep better at night. Call Jarret at 940-784-3453

On December 4, 2015 President Obama signed into law the Fixing America’s Surface Transportation Act, or “FAST Act.” Although this bill’s primary focus is on long-term funding for transportation projects, section 32102 reforms the rules relating to qualified third party tax collection contrac...