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Tax Compliance

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Tax Compliance 📍 State: DE · 👁️ 542 views

What is the consequence of failing to file IRS Form 5472 for a foreign-owned US LLC?

I formed a single-member Delaware LLC in 2024 as a non-US resident. I missed the filing deadline for Form 5472 and Form 1120. How severe are the penalties and how can I seek rea...

Brian M. Resnick
Brian M. Resnick VERIFIED COUNSEL
Davis Polk & Wardwell LLP · The baseline penalty under IRC Section 6038A for failing to timely file Form 5472 with Form ...
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