IRS FORM 5472
#form5472 #singlememberllc #form1120 The most important thing you MUST know about IRS form 5472: If you don't file the form, or if you...
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DID YOU GET A NOTICE?
WE CAN HELP.
REAL Penalty Removals
from Our Clients
Before Hiring Us
Penalty: $98,467.74
After Hiring Us
Case Closed. Penalty: $0
Do you qualify
for penalty removal?
Almost anyone can apply.
The IRS has a special program in place to request relief for penalties. This program is open for anyone who can show a "Reasonable Cause" (a good excuse why you didn't file on time) or it is your first time - not filing on time.
The Basics
Penalty Removal Service
is designate to help you remove
penalties received from the IRS
due to late filing or non-filing
tax returns / form 5472
Which Penalties
can be removed?
A penalty of $25,000 will be assessed on any reporting corporation that fails to file Form 5472 when due and in the manner prescribed. The penalty also applies for failure to maintain records as required by Regulations section 1.6038A-3.
Each member of a group of corporations filing a consolidated information return is a separate reporting corporation subject to a separate $25,000 penalty and each member is jointly and severally liable.
If the failure continues for more than 90 days after notification by the IRS, an additional penalty of $25,000 will apply. This penalty applies with respect to each related party for which a failure occurs for each 30-day period (or part of a 30-day period) during which the failure continues after the 90-day period ends.
F.A.Qs
Everything you need to know about
Penalty Removal Service
apply
Contact us asap
Let us check if we can help.
Our tax experts will review your situation and let you know if we can apply to remove your penalties.
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