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Form 5472

What is Form 5472?

Form 5472 is an IRS tax form used by a U.S. corporation that has a 25% foreign ownership, or by a foreign corporation engaged in a U.S. trade or business. The form discloses information about reportable transactions between the reporting corporation and the foreign or domestic related parties.

Filing Form 5472 accurately is essential to comply with IRS regulations. Failing to file, or filing a inaccurate or incomplete form, can result in severe penalties. Therefore, businesses with foreign ownership or transactions should ensure they understand and meet their reporting obligations.

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