Form 5472 Filing for Foreign-Owned LLCs: Compliance Guide
If your LLC has a foreign owner with 25% or greater stake, Form 5472 filing isn’t optional—it’s a federal requirement with teeth. Missing it exposes you to a $25,000 penalty per year with no statute of limitations cap, and the IRS treats non-filing as grounds to keep your entire return open indefinitely. The tricky part? […]