Tax Preparation · Crane, Texas

Tax Preparation in Crane, TX

We prepare business and personal returns for Crane owners whose income comes from more than one place: a service company, a ranch, a royalty check or all three. Each one belongs on a different part of the return, and we put it there.

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Call (432) 249-3597

Crane at a Glance

County: Crane County
From our office: About 32 miles south of Odessa on US-385
Sales tax: 8.25% inside city limits
Local economy: Oil production, oilfield service, ranching and local government

Our team in the Odessa office, about 32 miles north of Crane on US-385.

Why It Matters in Crane

Tax Returns With Oil, Cattle and Royalties on Them

Crane County has been an oil county for about a century, and ranching has been there even longer. Plenty of families around Crane have a small royalty interest, a grazing lease or a few head of cattle on top of their main business or paycheck.

Those pieces are easy to leave off or report in the wrong spot. Royalties, farm income and business profits each have their own forms and their own deductions. We prepare the return from reconciled books so nothing gets guessed at in April.

Ranch and Farm Income

Cattle sales, grazing leases and ranch expenses reported on the right schedule, with the deductions that go with them.

Small Royalty Interests

Royalty checks reported correctly, with depletion taken where it applies.

What You Get

Returns We Prepare for Crane Clients

Business Returns

Sole proprietor, partnership, S corporation and C corporation returns for local service companies and contractors.

Personal Returns

Individual returns that pull in business income, ranch income and royalties.

Equipment and Vehicle Depreciation

Trucks, trailers and field equipment depreciated correctly from year to year.

Texas Franchise Tax

Franchise tax and information reports filed by May 15 for LLCs and corporations, even when no tax is due.

See everything included in our tax preparation service →

Remote by Default

Working With Us From Crane

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 32 miles north of Crane on US-385, and you are welcome to stop by with an appointment.

Across the Permian Basin

Tax Preparation in Nearby Towns

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

Frequently Asked Questions

Questions Crane owners ask about tax preparation.

I get a small royalty check every month. Does that go on my return?

Yes. Royalty income is taxable even when the checks are small, and it is usually reported on Schedule E. You may also be able to take a depletion deduction against it. We report it and take the deduction where it applies.

Can you handle my ranch income and my business on the same return?

Yes. Ranch income and expenses are reported separately from your business, but both end up on your personal return. We prepare them together so the numbers line up.

Does my LLC have to file anything with the State of Texas?

Yes. Texas has no personal income tax, but LLCs and corporations are subject to the franchise tax. For 2026 and 2027, businesses with total revenue at or below $2.65 million owe no franchise tax, but they must still file a Public Information Report or Ownership Information Report by May 15. Confirm current thresholds with the Texas Comptroller.

Do I need to bring my documents to Odessa?

No. Crane clients work with us remotely. Documents are shared securely online and we meet by phone or video. If you would like to sit down in person, our Odessa office is about 32 miles north on US-385 and is 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.