Tax Planning · Stanton, Texas

Tax Planning in Stanton, TX

A good cotton year and a new well on your land can land in the same tax year, and the bill can be bigger than expected. We help Stanton farmers and business owners plan before December, while there is still time to make choices.

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Call (432) 249-3597

Stanton at a Glance

County: Martin County
From our office: About 40 miles east of Odessa on I-20, past Midland
Sales tax: 8% inside city limits
Local economy: Oil and gas, cotton farming and ranching

Our team in the Odessa office, about 40 miles west of Stanton on I-20.

Why It Matters in Stanton

Planning When Crop Prices and Royalties Both Move

Farm income in Martin County depends on rain, cotton prices and yields, so one year can look nothing like the next. Royalty income adds another layer: a new horizontal well can raise your income sharply, and production from that well tends to fall over the first few years.

When both move at once, last year’s numbers stop being a useful guide. Planning during the year lets you decide when to sell, when to buy equipment and how much to pay in estimates, with a real picture of where the year is heading.

Timing Crop Sales

Whether to sell this year or defer into next year, weighed against your other income.

Royalty Swings

Estimates and set-asides adjusted when new well income starts or declines.

What You Get

Tax Planning for Stanton Farms and Businesses

Fall Planning Meeting

A review after harvest numbers are in, with time left before year end.

Estimated Payments

Quarterly estimates updated for royalties and business income, not copied forward.

Equipment Purchase Timing

Farm and business equipment purchases planned around the year they help most.

Entity and Ownership Review

Whether your farm, ranch or business is set up in a way that still makes sense.

See everything included in our tax planning service →

Remote by Default

Working With Us From Stanton

Documents

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

Meetings

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

The Office

Prefer to sit down in person? Our Odessa office is about 40 miles west of Stanton on I-20, and you are welcome to stop by with an appointment.

Across the Permian Basin

Tax Planning in Nearby Towns

Odessa Midland Andrews Crane Monahans Kermit Big Spring Seminole Pecos Fort Stockton

Frequently Asked Questions

Questions Stanton owners ask about tax planning.

Should I sell my cotton this year or wait until January?

It depends on your income for the rest of the year and what you expect next year. Deferring a sale can move income into a lower year, but it is not always the better choice. We look at both years with you before you decide.

A new well started paying this year. How do I avoid a big bill in April?

Start setting money aside and adjust your estimated payments as soon as the checks begin. We can calculate a quarterly amount from your actual royalty statements so the income does not catch you off guard.

When is the best time to plan for a farm?

Late summer or early fall, once you have a good idea of the crop and before you commit to year-end purchases. Most choices only count if they are made before December 31.

Do we have to meet in person to plan?

No. Stanton clients work with us by phone, video and secure document upload, so there is no need to make the trip. If you would like to meet face to face, our Odessa office is about 40 miles west on I-20, past Midland, and we see clients by appointment.

How much does tax planning 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.