I entered into a verbal contract with a person. I sold her a dog crate for $50. She told me she would pay me when taxes came in.

The other attorneys advised you well - legal recourse, even small claims court will cost more than the $50. Trying to get the person to pay is your...

S corp

Ignoring the situation will only compound your problems. Interest and penalties will continue to accrued. 25k may turn into much more. Deal with it...

Would the IRS charge interest and penalties as a result of an 1120s filed with errors by a CPA?

Yes, and the interest is basically possible to get waived if you owed extra money. Sometimes, the penalties can be abated (file form 843 or work...

Do I have to pay for h and r block mistake?

As the taxpayer you are primarily responsible for mistakes on your tax return. However, this does not preclude you going back to H&R and taking up...

Is there any protection/defenses against the IRS coming after me for alleged fraud tax returns?

Hire a tax return and refrain from posting more information on a public forum. It sounds like the IRS is looking to escalate the level of...

I am foreign citizen , I would like to form a Delaware c corp or LLC . How can I get a US Bank account.

You should first hire an attorney in Delaware to set up either the LLC or C-corp. An LLC is typically more advantageous for tax purposes. This is a...

How much money do you have to make for a business to report the income?

There is little reason to avoid filing a return. Even if your income is low, establishing tax compliance early shows good faith in the event of...

Will the IRS take my state refund if I am in a payment arrangement with them?

IRS generally halts collection activity except for federal offset program once you enter into a payment agreement with them. But, internal...

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What is the process when trying to receive my tax return?

The IRS has an electronic link to track your refund if you know the amount of taxable income you reported. Otherwise, call them post four weeks at...

How to avoid capital gain tax....

The provision to avoid capital gains tax is limited to a certain amount of gain (I believe 500k in gain) on a primary residence. The sooner you...