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 approach?
Related Questions
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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...
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?
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?
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?
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?
This is my LLC's first year filing Form 5472. Does checking the first-year box help with penalties if we make a mistake?
I am in Germany and my Delaware LLC is filing Form 5472 for the first time. I noticed the instructions mention a line asking whether this is the first year the reporting corporation has filed the form...
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?
Did the Form 5472 $25,000 penalty change for tax year 2026?
I want to budget for risk. Is the $25,000 Form 5472 penalty still the IRS rule for tax year 2026, or did Congress or the IRS adjust it?
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