Home > International Tax Services > Form 5472 for Foreign-Owned U.S. Businesses > Form 5472 Preparation
Form 5472 Foreign-Owned Business Filing
International tax CPA firm with Big Four experience preparing Form 5472 for foreign-owned U.S. corporations and single-member LLCs. All reportable transactions covered.
Form 5472 Penalty Alert
Severe penalty for late or incomplete Form 5472: $25,000 per form for each year of non-compliance. No cap on total penalties. A foreign-owned LLC that hasn't filed for 3 years faces $75,000+ in potential penalties.
Form 5472 is due with your pro forma Form 1120 (for disregarded entities) or your corporate return. Due date: April 15 or extended deadline.
Avoid Penalties - Start NowWhat You Need to Know About Form 5472:
- Form 5472 reports transactions between foreign-owned U.S. businesses and related foreign parties
- Required for 25%+ foreign-owned corporations AND single-member LLCs owned by foreign persons
- Penalty is $25,000 per form with no maximum cap
- Must file even if the only transaction was a capital contribution
- Single-member LLCs file Form 5472 with a pro forma Form 1120
Complete Form 5472 Preparation Service
Everything needed for accurate, compliant foreign ownership reporting
Our Streamlined 5472 Preparation Process
From documents to filed return in 5 steps
Ownership Analysis
We analyze your ownership structure to confirm Form 5472 requirements and identify all related parties.
Transaction Analysis
We analyze all transactions between your U.S. entity and foreign related parties to ensure complete reporting.
Return Preparation
Our international tax CPAs prepare your Form 5472 (and pro forma 1120 if needed) with all reportable transactions properly categorized.
Review & Approval
You review the complete return package. We explain each section and address questions before filing.
Filing & Confirmation
We file your Form 5472 with the IRS and provide confirmation of acceptance.
Documents Needed for Form 5472 Preparation
Transparent Form 5472 Pricing
Upfront estimates based on entity type and complexity
| Service | Description | Forms Included | Starting Price |
|---|---|---|---|
| Current Year Filing | Foreign-owned LLC or corporation | Form 5472 + Pro Forma 1120 | $1,500 |
| First Delinquent Year | Late filing with penalty protection | Form 5472 + Pro Forma 1120 + Reasonable Cause | $2,000 |
| Additional Delinquent Years | Each additional year of late filing | Form 5472 + Pro Forma 1120 | $1,500/year |
| Multiple Related Parties | Transactions with additional foreign related parties | Additional Form 5472 | +$300/party |
* Prices shown are estimates. Final quote provided after analyzing your specific situation. If scope changes during preparation, we discuss it first. Add-ons: EIN application (+$200), extension filing (+$150), rush processing <7 days (+100%).
Special Form 5472 Situations We Handle
Foreign-Owned Single-Member LLCs
Disregarded entities owned by foreign persons. Pro forma Form 1120 plus Form 5472 required even with no U.S. tax liability.
Learn more: Foreign-Owned Single-Member LLC Guide
Reportable Transactions
All transaction types between U.S. entities and foreign related parties—sales, services, rents, royalties, loans, and capital contributions.
Learn more: Form 5472 Reportable Transactions Guide
Late Filing & Penalty Relief
DIIRSP procedures, reasonable cause statements for penalty abatement. $25,000 penalty per form makes proper relief requests critical.
Learn more: Form 5472 Penalties and Relief Options
Related Party Analysis
Identifying all foreign related parties under IRC Section 267(b) and Section 707(b). Includes family members, controlled entities, and constructive ownership.
Multiple Related Parties
Separate Form 5472 required for each foreign related party. We coordinate reporting across all related parties.
25% Foreign-Owned Corporations
U.S. corporations with 25%+ foreign ownership. Form 5472 required for each related party with reportable transactions.
Don't Risk $25,000+ in Penalties
Get your Form 5472 prepared by CPAs who specialize in foreign-owned business compliance
Form 5472 Frequently Asked Questions
Common questions about 5472 taxation and our services
Two types of entities must file: (1) 25%+ foreign-owned U.S. corporations that have reportable transactions with foreign related parties, and (2) foreign-owned single-member LLCs treated as disregarded entities for tax purposes. Since 2017, single-member LLCs owned by foreign persons must file Form 5472 with a pro forma Form 1120.
Learn more: Foreign-Owned Single-Member LLC Guide
The penalty is $25,000 per Form 5472 for each year of non-compliance. Unlike other international information returns, there is no maximum cap. A foreign-owned LLC that hasn't filed for 5 years could face $125,000 in penalties.
Learn more: Form 5472 Penalties and Relief Guide
For foreign-owned single-member LLCs, Form 5472 with pro forma Form 1120 is due April 15 (or October 15 with extension). For foreign-owned corporations, Form 5472 is due with the corporate return—typically April 15 for calendar year corporations.
All transactions between a reporting corporation (or foreign-owned LLC) and foreign related parties must be reported. This includes sales of goods, purchases, rents, royalties, service fees, interest, loans, capital contributions, and distributions. Even a simple capital contribution triggers Form 5472 filing.
Learn more: Form 5472 Reportable Transactions Guide
Form 5472 is for foreign-owned U.S. businesses—a foreign person owns your U.S. entity. Form 5471 is for U.S. shareholders of foreign corporations—you own a foreign entity. Form 5472 penalty is $25,000 per form; Form 5471 penalty is $10,000-$60,000.
Yes. Foreign-owned single-member LLCs must obtain an EIN specifically for Form 5472 filing, even if the LLC has no employees and no U.S. tax liability. The EIN is required to file the pro forma Form 1120.