McCollum Tax and Financial Services

Lee D. McCollum, III Financial Advisor, Registered Tax Preparer

Thank you for visiting McCollum Tax and Financial Services.  We treat you like family, and promise to give you our best service at a fair price.

Click Here to Set Your Appointment Online.   Also See Our Up Front Pricing For Your Tax Return.

We provide Professional Tax Services to the Temecula Valley with a money back guarantee if you are not satisfied with our service.  E-File is free with every return (Federal and State). Be sure to print a $25 off coupon by clicking on the link.

As part of your tax preparation service, we will discuss a plan to reduce your tax burden, as well as plan for your financial future.  Please use this website to educate yourself on Financial and Tax planning.  And as always, please call us if your have any questions.

In 10 minutes or less you can learn about the 4 obstacles that stand in the way of pursuing your financial goals, and the 6 key areas of your Personal Finances.  Please click  on E-Seminars or  Financial Management. If you have time, review the other E-Seminars on Retirement, Estate Planning and Long Term Care.  These seminars are also 10 minutes or less.

Temecula Valley Chamber of Commerce Nominee for Citizen of the Year 2007. 

                            

Calculators

Risk Tolerance

This calculator is designed to help you clarify your comfort level with investment risk.

College Funding

Use this calculator to estimate the cost of your child’s education, based on the variables you input.

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

Financial IQ Test

Take this quick quiz to find out your Financial IQ

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Newsletters

New Opportunity Under the Federal Gift Tax

The 2010 Tax Relief Act raised the lifetime gift-tax exclusion to $5 million. This means it could be a good time to make the most of tax-free gift transfers. If so, it's important to understand the annual and lifetime gift exemption limits, as well as which gifts might not be subject to them.

Using Living Benefits for Retirement Income

Many Americans are finding it difficult to predict how much they can save by retirement. Because traditional pensions are available to just one out of three workers today, a potential way of creating a guaranteed income stream in retirement is to purchase the guaranteed living benefits that are available with some variable annuities.

Settling on a Salary

As a company's profit situation improves, business owners may be in a position to decide whether to take home a larger salary or use more of the proceeds to invest for the future. This article discusses the possibility of choosing a business-owner salary that allows for other benefits, such as building the business, saving more for retirement, and adding employee benefits.

Tax Law Keeps S Corporations Attractive

S corporations are more common than C corporations and partnerships, perhaps because they are not subject to the corporate tax. Instead, profits and losses flow directly to shareholders, who are currently taxed at lower individual income tax rates. Read why reorganizing as an S corporation may be a smart move.

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