Catch-up

Past-due Form 5472 — brought current

A missed year, or several: prepared with a written reasonable cause statement and submitted to the IRS the correct way — before the IRS contacts you.

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Past-due Form 5472

What should you do about a missed Form 5472?

File as soon as possible — before the IRS contacts you. The $25,000 penalty escalates only after an IRS notice starts a 90-day clock, and filing first is the single strongest fact in a reasonable cause request. It is the difference between correcting something yourself and being caught.

Each past-due year is a complete package: Form 5472 with the pro forma Form 1120, a written reasonable cause statement built on your specific facts, and submission by fax or mail with the transmission record kept for your file — $449 per tax year.

Several missed years are brought current together, under one consistent reasonable-cause narrative — gaps between filed years are what draw attention. Multi-year cleanups are quoted per year, in writing, before any work starts.

Prepared within 5 business days of complete documents — or within 48 hours with express preparation (+$149), subject to available express slots, confirmed in writing before any payment.

We prepare and submit the relief request properly; whether the IRS grants relief is a decision only the IRS makes. No one can promise you an outcome, and you should be wary of anyone who does.

What we’ll need

Your LLC’s EIN confirmation letter (or ask us to obtain the EIN first)
Formation documents — Articles of Organization and the state filing
Owner identification and country of tax residence
For each missed year: money in, money out, and company costs paid personally — bank or platform statements are enough to start

FAQ

Past-due Form 5472 — questions

How big is the penalty for a late Form 5472?

The initial assessment is $25,000 per return under IRC §6038A. A continuation penalty of another $25,000 per 30 days can follow — but only beginning 90 days after an IRS notice. That is why filing before any notice matters so much.

Can the penalty be removed?

The IRS can abate it for reasonable cause. A specific, honest written statement filed with the return — before the IRS makes contact — is the strongest position. Whether relief is granted is the IRS’s decision; no one can promise an outcome.

I missed several years. Should I file them all?

Generally yes, together — each year with its own Form 5472 and pro forma 1120, under one consistent narrative. Filing one year and leaving others open invites questions.

How fast can this be done?

Standard preparation is within 5 business days of complete documents; express preparation is 48 hours (+$149), subject to available slots confirmed before payment.