{"id":11488,"date":"2019-02-23T12:13:37","date_gmt":"2019-02-23T19:13:37","guid":{"rendered":"https:\/\/www.keytlaw.com\/azllclaw\/?p=11488"},"modified":"2019-02-23T14:16:15","modified_gmt":"2019-02-23T21:16:15","slug":"irs-form-5472","status":"publish","type":"post","link":"https:\/\/www.keytlaw.com\/azllclaw\/2019\/02\/irs-form-5472\/","title":{"rendered":"IRS Increases Penalty for Late Filing of Form 5472 to $25,000"},"content":{"rendered":"

If you are a non-U.S. citizen who is the sole member\/owner of a U.S. limited liability company treated by the IRS as a disregarded entity (a “DE”) you must file an IRS form 5472<\/a> with the IRS on or before the due date of the Form 5472 or become liable to pay the IRS a penalty of $25,000.\u00a0 If you must file Form 5472 and fail to file it before the due date and then fail to file the Form 5472 within 90 days after the due date you will become liable for an additional $25,000 penalty.<\/p>\n

The U.S. DE LLC must file Form 5472 if it had a reportable transaction with a foreign or domestic related party.\u00a0\u00a0To learn what are reportable transactions, who are related parties and more about this topic read my article called “LLCs 100% Owned by Foreign Persons Must File IRS Form 5472 or be Liable for $25,000 Penalty<\/a>.”<\/p>\n

[bctt tweet=”Learn about the $25,000 penalty when a foreign person who owns a U.S. LLC that is a disregarded entity fails to file IRS form 5472.” username=”azattorney”]<\/p>\n","protected":false},"excerpt":{"rendered":"

If you are a non-U.S. citizen who is the sole member\/owner of a U.S. limited liability company treated by the IRS as a disregarded entity (a “DE”) you must file an IRS form 5472 with the IRS on or before the due date of the Form 5472 or become liable to pay the IRS a penalty of $25,000.\u00a0 If you must file Form 5472 and fail to file it before the due date and then fail to file the Form 5472 within 90 days after the due date you will become liable for an additional $25,000 penalty. The U.S. DE LLC must file Form 5472 if it had a reportable transaction with a foreign or domestic related party.\u00a0\u00a0To learn what are reportable transactions, who are related parties and more about this topic read my article called “LLCs 100% Owned by Foreign Persons Must File IRS Form 5472 or be Liable for $25,000 Penalty.” [bctt tweet=”Learn about the $25,000 penalty when a foreign person who owns a U.S. LLC that is a disregarded entity fails to file IRS form 5472.” username=”azattorney”]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,38],"tags":[],"class_list":["post-11488","post","type-post","status-publish","format-standard","hentry","category-miscellaneous","category-tax-issues"],"yoast_head":"\nIRS Increases Penalty for Late Filing of Form 5472 to $25,000 - Arizona LLC Law %<\/title>\n<meta name=\"description\" content=\"Single member foreign owed LLCs taxed as a disregarded entity are liable for a $25,000 penalty if they don't file an IRS form 5472 before the deadline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keytlaw.com\/azllclaw\/2019\/02\/irs-form-5472\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IRS Increases Penalty for Late Filing of Form 5472 to $25,000\" \/>\n<meta property=\"og:description\" content=\"Single member foreign owed LLCs taxed as a disregarded entity are liable for a $25,000 penalty if they don't file an IRS form 5472 before the deadline.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.keytlaw.com\/azllclaw\/2019\/02\/irs-form-5472\/\" \/>\n<meta property=\"og:site_name\" content=\"Arizona LLC Law\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:author\" content=\"http:\/\/www.facebook.com\/keytlaw\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-23T19:13:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-23T21:16:15+00:00\" \/>\n<meta name=\"author\" content=\"Richard Keyt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Keyt\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2019\\\/02\\\/irs-form-5472\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2019\\\/02\\\/irs-form-5472\\\/\"},\"author\":{\"name\":\"Richard Keyt\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#\\\/schema\\\/person\\\/9d6c74d30296559f95e238fa25182391\"},\"headline\":\"IRS Increases Penalty for Late Filing of Form 5472 to $25,000\",\"datePublished\":\"2019-02-23T19:13:37+00:00\",\"dateModified\":\"2019-02-23T21:16:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2019\\\/02\\\/irs-form-5472\\\/\"},\"wordCount\":184,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/#organization\"},\"articleSection\":[\"Miscellaneous\",\"Tax Issues\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2019\\\/02\\\/irs-form-5472\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2019\\\/02\\\/irs-form-5472\\\/\",\"url\":\"https:\\\/\\\/www.keytlaw.com\\\/azllclaw\\\/2019\\\/02\\\/irs-form-5472\\\/\",\"name\":\"IRS Increases Penalty for Late Filing of Form 5472 to $25,000 - 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