Virtual Tax Services there when you need them
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Hi, I'm Lance,
a Skilled and Experienced Taxation Professional
All services offered are provided by Lance McMahon, CPA. After over 40 years of successful tax practice in San Antonio, Texas, I now live in the mountains in the Colorado Front Range. I maintain a tax clientele of clients who have been with me since the 1980s.
What Can I Do For You?
Personal assistance you deserve
Individual Tax Return Preparation
I utilize Intuit Lacerte Tax Software, one of the best in the industry. With extensive tax preparation experience I am always looking for ways to ensure your tax due or refund is correct.
Tax Audit Support
Have you received an audit notice from the IRS or State Income Tax Agency? You have a right to representation in tax-related matters. Without tax audit support you may pay additional taxes, penalties and interest which can add up quickly.
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See real life examples of what can happen on the Actual Cases page.
Charitable Trusts Tax Preparation
Charitable Trust Tax (CRT) Reporting can be complex. Known as split interest trusts, the needs of both income and charitable beneficiaries must be carefully considered and reported. Additionally, some older CRTs are simply underperforming, and dissolution may need to be considered.
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How do you choose a tax professional?
Thats not an easy question to answer. There are tens of thousands of us as well as all the national franchises. The short answer is it depends on your needs and budget. And of course, you cannot "test drive" a tax accountant. Once hired you trust whoever you hire will serve you well. I know that many go to the large franchises, and those at times employ very well-trained tax preparers and they tout a low cost. The large, big building firms cater to a particular clientele. And then there are those like me, who work as individuals, take great pride in their work, and are always here when you need us. I have seen a lot in my over 40 years. Next is one case I find useful.
This is what can happen when the wrong tax preparer is chosen and lacks the ability to focus on your needs
Mom was a widow, and adult son lived with her to take care of her medical and all daily needs. He could not work as the care was full time. They had been going to a lower cost local firm in the neighborhood. Some doubts occurred and while looking for an alternative they were referred to me. Upon study of prior returns what I found was shocking. Each of the returns reported Mom as a single individual and did not claim the son as a dependent. I went back and amended three years returns, reported Mom as Head of Household, claimed the son as a dependent, and they received refunds totaling over $12,000. My fees were higher than what they had been charged by the prior firm. But low fees are not always a bargain. The old adage that you "get what you pay for" also applies to professional services. You expect your tax accountant to be thorough. You expect your tax accountant to be sure your return is correct.
Concierge Services
I am not just here for a few months during tax filing season. I am here year-round. You can rely on me to be there if you need me. And it will be me, not a staff person or paraprofessional who has only been around for a few months or years. From the simplest returns to the high-income complex returns all are treated the same.