Form 5472 Penalty for Non-Resident LLC Owners: Insights from James Baker CPA By James Baker, CPA
A foreign-owned LLC that earned zero income in its first year can still owe the IRS $25,000. The trigger is not revenue. It is a single missed information return called Form 5472, and the penalty applies whether the LLC made money or not. A Form 5472 penalty for non-resident LLC owners is one of the most common and most avoidable mistakes international founders make.
A...