Home › IRS Guidelines

IRS Form 5472 Guidelines

Complete compliance requirements and filing instructions

Start Filing Now →

Who Must File Form 5472

Form 5472 is required for reporting corporations that have reportable transactions with foreign or domestic related parties. Our intelligent filing system helps you determine if you need to file.

You must file if you are:

  • A 25% Foreign-Owned U.S. Corporation: Any domestic corporation with a foreign person owning 25% or more of its stock. Check your filing requirement →
  • A Foreign Corporation Engaged in U.S. Trade: Foreign corporations doing business in the United States with reportable transactions.
  • A Domestic LLC with Foreign Ownership: Single-member LLCs treated as disregarded entities with foreign ownership must file. Start your LLC filing →

Critical Filing Deadlines

Annual Filing Requirement

Due with your corporate tax return

• C-Corporations: April 15 (or 15th day of 4th month after tax year ends)
• S-Corporations: March 15 (or 15th day of 3rd month after tax year ends)

⚠️ Extension Available

Form 5472 is automatically extended when you file Form 7004 for your corporate tax return extension.
• C-Corps extended to October 15th (6 months)
• S-Corps extended to September 15th (6 months)

File your Form 5472 today to avoid last-minute stress →

Penalties for Non-Compliance

🚨 Severe Penalties Apply

$25,000 per Form 5472 not filed or incomplete

The penalty increases by $25,000 for each 30-day period of continued failure after IRS notification (maximum $250,000).

Don't risk these substantial penalties. Our streamlined filing process ensures complete and accurate submission in less than 20 minutes.

Reportable Transactions

All transactions between the reporting corporation and related parties must be reported. Our guided form walks you through each transaction type.

Common Reportable Transactions Include:

  • Sales and Purchases: Inventory, property, or services between related parties
  • Loans and Advances: Any lending or borrowing arrangements, including interest
  • Royalties and License Fees: Payments for intellectual property use
  • Service Fees: Management, technical, or administrative services
  • Rents and Leases: Property or equipment rental agreements

Pro Tip: Our smart form system automatically calculates transaction totals and ensures all required fields are completed correctly.

Record Keeping Requirements

The IRS requires maintaining comprehensive records to support your Form 5472 filing. Start organizing with our digital filing platform.

Required Documentation:

  • Corporate Records: Articles of incorporation, bylaws, and ownership documentation
  • Transaction Documentation: Invoices, contracts, and payment records for all reportable transactions
  • Financial Statements: Balance sheets, income statements, and supporting schedules
  • Transfer Pricing Documentation: If applicable, documentation supporting arm's length pricing

💡 Simplify Your Filing

Our platform automatically organizes your information and generates a complete, IRS-ready Form 5472. Get started in seconds →

Special Filing Situations

Multiple Related Parties

If you have transactions with multiple related parties, you must file a separate Form 5472 for each. Our filing system handles multiple forms seamlessly.

First-Time Filers

New to Form 5472? Don't worry! Our step-by-step guide makes it simple, with helpful explanations at each step.

Amended Returns

Need to correct a previously filed Form 5472? File an amended return with the corrected information. Start your amended filing →