Form 5472 (Rev December 2023) Information Return of a 25% Foreign-Owned U S Corporation or a Foreign-2025

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The document is Form 5472, an information return required by the IRS for U.S. corporations that are 25% foreign-owned or foreign corporations engaged in a U.S. trade or business. It collects detailed financial and ownership information about the reporting corporation, including its assets, payments made or received, and details about foreign shareholders and related parties. The form aims to ensure compliance with sections 6038A and 6038C of the Internal Revenue Code.

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Begin with Part I by entering the tax year of the reporting corporation. Fill in the name, employer identification number, and total assets. Ensure all monetary values are in U.S. dollars.
Complete sections regarding principal business activity and total value of gross payments made or received. Check applicable boxes for consolidated filings or initial year filings.
Proceed to Part II to list any direct 25% foreign shareholders, including their names, addresses, and relevant identification numbers.
In Part III, provide details about related parties, including their business activities and relationships to the reporting corporation.
Fill out Part IV for monetary transactions between the reporting corporation and foreign related parties, detailing sales, rents, royalties, and other financial interactions.
Review all sections for accuracy before finalizing your form. You can print, download, or share your completed Form 5472 directly from our platform.

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Versions	Form popularity	Fillable & printable
2023	4.9 Satisfied (28 Votes)
2022	4.9 Satisfied (36 Votes)
2021	4.8 Satisfied (55 Votes)
2018	4.2 Satisfied (137 Votes)
2017	4.4 Satisfied (45 Votes)
2012	4.4 Satisfied (462 Votes)
2011	4.2 Satisfied (29 Votes)

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Does a foreign corporation need to file a US tax return?

Overview. Every foreign corporation that is engaged in trade or business in the United States at any time during the tax year or that has income from United States sources must file a return on Form 1120-F, U.S. Income Tax Return of a Foreign Corporation.

What is form 5472 information return of a 25% foreign owned US corporation?

Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business, is an IRS form that aims to keep an eye on U.S. corporations with docHub foreign ownership, as well as foreign companies doing business in the United States.

Does LLC need to file form 5472?

If neither the foreign owner nor the single member US LLC has US business income or unwithheld US investment income, a US income tax return may not be required. However, if the LLC has reportable transactionssuch as loans, contributions, or paymentswith a related party, it must file Form 5472 with the IRS.

What is the purpose of 5472?

Corporations file Form 5472 to provide information required under sections 6038A and 6038C when reportable transactions occur with a foreign or domestic related party.

What is a foreign shareholder?

Foreign ownership refers to the ownership of a portion of a countrys assets (businesses, natural resources, property, bonds, equity etc.) by individuals who are not citizens of that country or by companies whose headquarters are not in that country.

revenue internal federal

Form 5472 instructions Form 5472 PDF Foreign-owned U.S. disregarded entity Form 5472 instructions pdf Form 5472 penalty Form 5472 example Form 5472 2024 foreign-owned u.s. de

What is the ultimate indirect 25 foreign shareholder?

02 For these purposes, an ultimate 25-percent indirect shareholder is a 25-percent foreign shareholder whose ownership of stock in the reporting corporation is not attributed (under the principles of section 958(a)(1) and (2) of the Code) to any other 25- percent foreign shareholder (other than one wholly or partly

What do I need to file for a foreign owned single member LLC?

Basic tax requirements for foreign-owned US LLCs As a disregarded entity, all of the income, deductions, and tax liabilities flow directly up to the owner. 2. On an annual basis, youll need to file a Form 1120 and a Form 5472 for informational purposes to the IRS. No tax payments should be required with these forms.

What is a foreign controlled US shareholder?

A foreign corporation in which more than 50% of the total combined voting power of its stock or the total value of its stock is owned by United States shareholders. The Tax Cuts and Jobs Act (Act) expanded the definition of United States shareholder. Under pre-Act law, a US shareholder for CFC purposes is a US