Find out how much you could owe in penalties for missed Form 5472 filings. The results may surprise you.
How many years have you missed filing Form 5472?
Each LLC requires its own Form 5472
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This is what the IRS could assess against you
Get compliant now before the IRS contacts you. We can help you file correctly.
Get Professional HelpThe IRS imposes a $25,000 penalty for each Form 5472 that is late, incomplete, or not filed. This penalty is per form, per year—meaning multiple years of non-compliance can quickly add up to devastating amounts.
Even if your LLC had zero revenue, you're still required to file Form 5472 if you made any capital contributions or had any transactions with your LLC. "Dormant" LLCs must still file.
First-time penalty abatement and reasonable cause defenses may be available, but they're not guaranteed. The best strategy is to file before the IRS contacts you and consider voluntary disclosure options.
If you've missed filings, the best time to act is now. Filing late is better than never filing. We can help you prepare all required forms and potentially minimize your penalty exposure.