# Form 5472

URL: https://pdf.net/pdf-forms/tax-forms/form-5472
Category: Tax Forms
Attributes: Trusted by accountants, Official IRS form, Filed annually

IRS Form 5472 reports transactions between a 25%-foreign-owned U.S. corporation, or a foreign corporation, and its related parties.

Our platform allows you to avoid the paperwork struggles; you can get a fillable Form 5472 right away and complete it through your browser within minutes before you save and submit it.

## Versions

- 2023 — [download PDF](https://cdn.sanity.io/files/i16te7yp/production/2ad9be1c230c31e8d06a6e57af7cfc6685340332.pdf)

## How to Fill Out Form 5472

1. Open the printable Form 5472.
2. Enter the reporting corporation's name, location, and EIN.
3. List the 25% foreign shareholder's details.
4. Identify each related party and country.
5. Report the dollar amount of every transaction.
6. Review, then complete your Form 5472 download.

## Facts

### What Is Form 5472 Used For?

Form 5472 is used to report certain transactions between a U.S. reporting corporation and its foreign or domestic related parties, as required under Internal Revenue Code sections 6038A and 6038C. It generally applies to U.S. corporations that are at least 25% foreign-owned, foreign corporations engaged in a U.S. trade or business, and U.S. disregarded entities wholly owned by a foreign person.

### Who Should Use Form 5472?

A U.S. corporation with at least one direct or indirect 25% foreign shareholder generally must fill out Form 5472 if it had a reportable transaction with a foreign or domestic related party during the tax year.

The requirement also applies to foreign corporations engaged in a U.S. trade or business and to U.S. disregarded entities wholly owned by a foreign person when they have reportable transactions. A foreign-owned U.S. disregarded entity files Form 5472 with a pro forma Form 1120.

### When Is Form 5472 Due?

Form 5472 due date matches the reporting corporation's income tax return, i.e., April 15th for calendar-year filers; filing Form 7004 by that date extends the deadline to October 15th. Foreign-owned disregarded entities without another filing obligation follow the same schedule, using the 15th day of the fourth month after year-end, plus any extension.

### What Happens If Form 5472 Is Not Submitted?

If Form 5472 is not submitted, a penalty of $25,000 per form applies. If the failure continues more than 90 days after an IRS notice, another $25,000 applies for each related party for every 30-day period the delay persists. A properly documented Form 5472 penalty abatement request can reduce or remove the charge.

### How and Where Do I File Form 5472?

You file Form 5472 by attaching it to the reporting corporation's income tax return and submitting both by the return's due date. Foreign-owned disregarded entities attach it to a pro forma Form 1120 and mail it to the IRS service center in Ogden, Utah, because it can't be e-filed on its own. It’s best to check the official Form 5472 instructions for the current address.