Has anyone used ForeignLLCTax.com to file their 5472? How was the experience?
I just found out about the $25k penalty for not filing Form 5472 and I'm kind of panicking. Has anyone here used the self-filing tool on this site? Was it straightforward? I'm not great with tax forms.
Related Questions
Penalty abatement for Form 5472 — has anyone succeeded?
I got hit with the $25,000 penalty for not filing Form 5472 for 2024. I genuinely didn't know about the requirement. Has anyone successfully gotten this penalty reduced or removed? What was your appro...
Can I file Form 5472 myself or do I absolutely need a CPA?
My LLC had zero revenue this year. It seems like the filing should be pretty simple for a zero-income LLC. Is it realistic to do this myself or is it too risky without professional help?
Amazon FBA seller — do I need Form 5472?
I'm a foreign seller on Amazon FBA. Amazon handles everything — warehousing, shipping, payments. Do I still need to file Form 5472 for my US LLC even though Amazon manages all the operations?
Can I dissolve my LLC to avoid future Form 5472 filings?
I'm not using my LLC anymore and the annual filing requirement is a hassle. If I dissolve the LLC, do I still need to file Form 5472 for the final year? What's the process?
Does my registered agent need to know about Form 5472?
My registered agent only handles state compliance stuff. Do they need to be involved in my federal tax filing at all? Or is Form 5472 completely separate?
Does Stripe count as a reportable transaction on Form 5472?
I receive payments through Stripe for my SaaS. Stripe deposits to my LLC's US bank account. Is each Stripe payout a reportable transaction? Or just the total for the year?
Filing from outside the US — do I mail Form 5472 internationally?
I live in Germany and need to send my completed Form 5472 to the IRS. Do I mail it to a US address? Is there an international mailing address? Can I e-file?
I missed the April 15 deadline for Form 5472. What do I do now?
I completely forgot about filing Form 5472 and the deadline passed two weeks ago. Am I automatically getting the $25,000 penalty? Is there any way to reduce or avoid it?
My accountant charged me $800 for a zero-income Form 5472 filing. Is that normal?
I have a single-member LLC with literally zero transactions. My CPA charged $800 to file Form 5472 + pro forma 1120. That seems really high for what should be a simple return. What do others pay?
What happens if my LLC had only $50 in the bank account the whole year?
My LLC literally only has $50 from the initial deposit. No revenue, no expenses beyond the registered agent fee. Do I still need to file Form 5472 for this?
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