Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business
Form 5472 reports transactions between a 25 percent foreign-owned U.S. corporation, or a foreign corporation doing business in the U.S., and its related parties. Complete the official PDF online and download it for filing.
This is the genuine IRS PDF, unmodified. Source: IRS official page.
What is 5472?
Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business, provides the information required under sections 6038A and 6038C. It is filed when a reporting corporation has reportable transactions, such as sales, rents, royalties, loans, or service payments, with a foreign or domestic related party.
Foreign-owned U.S. disregarded entities, such as a single-member LLC owned by a foreign person, are also treated as reporting corporations for this form and generally file it attached to a pro forma Form 1120. A separate Form 5472 is required for each related party with reportable transactions.
Who files 5472?
- U.S. corporations that are at least 25 percent foreign-owned and had reportable transactions with a related party
- Foreign corporations engaged in a U.S. trade or business with reportable related-party transactions
- Foreign-owned U.S. disregarded entities, including single-member LLCs owned by a foreign person
- Reporting corporations filing one form per related party they transacted with during the year
How to fill out 5472
- Complete Part I with the reporting corporation’s identifying information, total assets, and principal business activity.
- Identify the 25 percent foreign shareholders and the related party covered by this form in the following parts.
- Report the monetary amounts of each type of reportable transaction with that related party, using reasonable estimates where the instructions allow.
- Repeat the process on a separate Form 5472 for each additional related party.
- Download the completed PDF and attach it to the corporation’s income tax return, or to the pro forma Form 1120 for a foreign-owned disregarded entity, by the return due date including extensions.
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Frequently asked questions
Does a foreign-owned single-member LLC with no income need to file?
Often yes. A foreign-owned U.S. disregarded entity must file Form 5472 if it had reportable transactions with its foreign owner or other related parties, and contributions or distributions can count. Review the current instructions before assuming no filing is needed.
What is the penalty for not filing Form 5472?
The penalty for failing to file a required Form 5472, or for maintaining inadequate records, is substantial and applies per form. Continued failure after IRS notice adds more. Check the current instructions for the exact amounts.