Category
US LLC & Tax
Filing deadlines, IRS updates, and cross-border tax planning for foreign-owned US LLCs.
· 6 min read
Missed Form 5472 for the First Time? Here's How to Get the $25K Penalty Waived
If this is your first missed Form 5472 and you have a clean 3-year compliance history, the IRS First Time Abatement program can waive the entire $25K penalty. Here's the exact request procedure.
· 7 min read
The $25,000 Form 5472 Penalty That Catches Foreign LLC Owners Off Guard
Every foreign-owned single-member US LLC owes Form 5472 to the IRS annually — even at zero dollars in revenue. Skip it and the penalty is $25,000 per unfiled year, per form. Here is the exact 2026 filing procedure and what happens if you are behind.