Corporations file Form 5472 to provide information required under sections 6038A and 6038C when reportable transactions occur with a foreign or domestic related party. Information about Form 5472, including recent updates, related forms, and instructions on how to file.

5472 (Rev. December 2023) Department of the Treasury Internal Revenue Service . Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business (Under Sections 6038A and 6038C of the Internal Revenue Code) Go to . www.irs.gov/Form5472. for instructions and the latest information.

Electronic Filing of Form 5472. If you file your income tax return electronically, see the instructions for your income tax return for general information about electronic filing. If you are a foreign-owned U.S. DE, you cannot file Form 5472 electronically.

Apr 28, 2024 · The failure to file an IRS Form 5472 can result in significant civil penalties and IRS headaches. This article provides five facts you should know now about Form 5472.

Nov 25, 2022 · You’d have to file IRS Form 5472 (formally known as the Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business) if: Your U.S.-based company has a non-U.S. person (which can include either individuals OR businesses) that owns at least 25% of company stock, or

IRS Form 5472 with Examples: Foreign-Owned U.S. Entities (2024). GOLDING & GOLDING, BOARD-CERTIFIED TAX LAWYER SPECIALIST. IRS Form 5472.

Feb 18, 2025 · Learn about IRS Form 5472 requirements for foreign-owned single member US LLCs. Avoid penalties and meet the April 15 deadline with this easy-to-follow guide. If you are a foreign individual or business that fully owns a US-based Limited Liability Company (LLC), you may have important IRS reporting obligations.

TaxAct ® supports Form 5472 Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business within the corporate Form 1120 U.S. Corporation Income Tax Return return. There is a maximum of …

Feb 25, 2020 · Per Form 5472 Instructions, generally, a reporting corporation must file Form 5472 if it had a reportable transaction with a foreign or domestic related party. A reporting corporation is either: A 25% foreign-owned U.S. corporation (including a …

Mar 13, 2025 · Form 5472 is the IRS’s window into transactions between U.S. businesses and their foreign owners or related foreign entities. This information return helps the IRS track money flowing between foreign and domestic businesses to ensure proper tax compliance.