File the Form 5472 years you missed, before the IRS notices.
Many foreign LLC owners discover the Form 5472 requirement years after forming their LLC, often when opening a U.S. bank account, applying for an L-1 or O-1 visa, or preparing to sell or exit the business. By then, the IRS penalty clock has already been running.
What this is costing you
The IRS penalty is $25,000 per form, per tax year, and it is automatic. Set your situation to see the exposure and what clearing it costs.
Each one files separately.
We support back to 2019.
Usually just you, the owner.
If you do nothing
$25,000
1 missed form at $25,000 each. The penalty is per form, per year, and it is automatic.
To catch up with FileTax
$298
1 filing at $99, plus one reasonable cause letter at $199 covering every year.
$298 to address $25,000 of exposure. The reasonable cause letter asks the IRS to waive the penalty entirely, and filing voluntarily is a far stronger position than replying to a notice.
An estimate of statutory exposure, not a prediction. The IRS assesses the penalty automatically, and abatement is at its discretion. Nobody can promise it will be granted.
The reasonable cause letter, included
A reasonable cause letter is a written argument submitted to the IRS alongside a late filing, asking for the $25,000 penalty to be waived. Whether relief applies turns on the facts of your case and the decision is the IRS's alone. One letter covers every year you are catching up on, and it is generated from a framework written by a practising U.S. CPA, aligned with IRS reasonable cause standards and populated with your filing details. It does not include an individual CPA review of your filing.
What a reasonable cause letter has to contain goes through the structure the IRS expects, section by section. If you are still working out how many years you owe, how filing works walks through the whole process end to end.
What it costs
Missed three years? $496 total, not $894.
$99 per year covers the filings. The reasonable cause letter is $199 once, however many years you are catching up on. You never pay for it twice.
Every year you leave unfiled is another $25,000 of exposure, and the IRS does not have to contact you first. File now.
Start with the eligibility check. About 2 minutes, and you do not need an account to begin.