Lonestar Consulting Group

Accountant

4.8

★★★★★

18 reviews

A business services company providing Tax, Payroll, Business Valuation and Business formation services.

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About

We provide Tax, Payroll, Business Valuation and Business formation services to individuals and businesses.

Services

Tax Preparation and Planning

Effective tax preparation and planning can help you to minimize your future tax liability.

Payroll Services

Constantly changing federal, state and local laws and tax regulations make payroll management an ongoing challenge for business owners.

Business Entity Selection

The business entity—LLP, LLC, sole proprietorship, partnership, corporation, etc.— that you select for your business has enormous financial and tax implications.

Business Valuation

Few business decisions are more important, complex and potentially business altering than a buy or sell decision.

Reviews

Rating

4.8

★★★★★

Reviews

Frequently Asked Questions

What is the S Corporation election process? +

If you must make a tax election for the current year, you have a small window. You are required to file form 2553 within 2 months and 15 days of the tax year that you would like the election to take effect.

How are profits and losses allocated to S Corporation? +

In S Corporation, all profits and losses and another pass through items are allocated according to shareholders allocated a share of stock.

What are the penalties for failing to file or incorrect filing of forms 5471, 5472, 8865, and 8858? +

Penalties for failing to file, or incorrect filing each of the following forms listed below are $10,000. Additional penalties may also apply.