Comment
Comment by neuralll
yes but what about startups which are typically c corps with zero income or loss ? I was essentially forced to incorporate by advice on Indiegogo page for unsupported countries (slovakia) just to get access to crowdfunding. where GoFundMe or Indiegogo will support us business entity I create. Mine head is still spinning from the possible fines I am now threatened with if I miss some IRS tax filling deadline. 25000$ for not filling 5472 in time and up to 45000$ for not filling be13 in time. while i now have c corp . But Mine US bank account was denied by SVB with "slovakia unsuported" argument again. And all I wanted is to find funding for mine reusable covid test that I will always publish for free since goal is to save as many people as possible and not make money.It did passed to semifinals of XPrize but not finals https://www.protocols.io/view/covid-19-indirect-detection-th... but without funding I simply cant continue . I cant afford bulk PC or nylon filter and 120nm testing nanoparticles prices on my own anymore. All mine savings gone to all prototypes during XPrize months and I am now broke.https://ladislavnevery.medium.com/how-i-tried-to-save-a-worl... That's why I am so sensitive now to fees. And why I see being forced to pay 109$ just to e-file zero income loss report to IRS as immoral when IRS clearly states taxpayers with income less than 72k should not be charged. And filing internationally by snail mail there is no return receipt and risk of fine if mail is lost.