Tax Preparation · Seminole, Texas

Tax Preparation in Seminole, TX

Farm returns have their own forms, their own deadlines and their own traps. We prepare returns for Seminole farmers, oilfield families and business owners from organized records, so crop income, equipment and program payments are all reported correctly.

Seminole at a Glance

County
Gaines County
From our office
About 65 miles north of Odessa on US-385, through Andrews
Sales tax
8.25% inside city limits
Local economy
Cotton, peanuts, oil and gas, and a large Mennonite farming community
CFP Consulting Office Team

Our team in the Odessa office, about 65 miles south of Seminole on US-385.

Why It Matters in Seminole

Farm Returns Are Their Own Kind of Return

A Gaines County farm return usually means Schedule F, depreciation on equipment and irrigation systems, crop insurance proceeds and program payments, each with its own reporting rules. Farmers also have a different estimated tax schedule than most business owners, which changes when the return has to be filed.

Seminole also has its share of oil and gas income, from service work and from mineral rights. Many households here have both a farm and a second source of income, and preparing everything together keeps the numbers from contradicting each other.

Schedule F Done Right

Crop sales, insurance and program payments reported on the right lines, with every eligible expense taken.

Equipment Depreciation

Tractors, pivots, wells and trucks depreciated on the schedule that fits your plans.

What You Get

Tax Returns We Prepare in Seminole

01

Farm Returns

Schedule F returns for individual farmers and farm partnerships.

02

Business Returns

Partnership, S corporation and C corporation returns for shops, contractors and retailers.

03

Personal Returns

Individual returns that bring together farm, wage, royalty and pass-through income.

04

Texas Franchise Reports

Franchise tax and information reports for LLCs and corporations, filed by May 15.

Remote by Default

Working With Us From Seminole

1

Documents

Statements, receipts and tax forms are shared securely online, so nobody has to drive paper anywhere.

2

Meetings

Calls and video meetings on your schedule, with check-ins through the year, not just a rush in April.

3

The Office

Prefer to sit down in person? Our Odessa office is about 65 miles south of Seminole on US-385, and you are welcome to stop by with an appointment.

Across the Permian Basin

Tax Preparation in Nearby Towns

Frequently Asked Questions

What Seminole owners ask about tax preparation.

Is the filing deadline different for farmers?
It can be. If at least two-thirds of your gross income comes from farming, you can skip quarterly estimates and either make one estimated payment by January 15 or file and pay the full tax by March 1. We tell you early which route fits your year.
How is crop insurance money taxed?
Crop insurance proceeds are generally taxable in the year you receive them. In some cases you can elect to report them the following year instead, if you normally would have sold the crop then. We check whether that election applies to you.
Does my farm LLC owe Texas franchise tax?
Texas has no personal income tax, but LLCs, corporations and partnerships still answer to the franchise tax. For 2026 and 2027, businesses with total revenue at or below $2.65 million owe no franchise tax, but they still file a Public Information Report or Ownership Information Report by May 15. Confirm current thresholds with the Texas Comptroller.
Can you do my return without me driving to Odessa?
Yes. You send documents through a secure upload, and we go over the return by phone or video. If you would like to meet in person, the office is about 65 miles south of Seminole on US-385, open by appointment.
How much does tax preparation cost?
Pricing depends on your entity type, transaction volume, and which services you need. We'll give you a flat quote after a short call, so there are no surprise invoices. Most business owners find the tax savings cover the fee.