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Foreign-Owned Entity Compliance (Form 5472)

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Foreign-owned U.S. LLCs are subject to strict IRS reporting requirements. Failure to properly file Form 5472 can result in penalties starting at $25,000 per entity.

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FPG-USA provides structured, compliance-focused handling of these filings — including late filings, multi-entity coordination, and documentation support.

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— Richard Kahn, Founder & CFO, FPG‑USA

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1. Services We Provide

1️⃣ 🧾 Services We Provide​

🟢 Standard Filing (On-Time)

  • Preparation of Form 5472

  • Pro forma Form 1120

  • Identification of reportable transactions

  • Structured questionnaire and document review

  • Filing guidance and submission instructions

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🔵 Late Filing / Catch-Up Compliance (Most Common)

  • Everything included in Standard Filing

  • Late filing handling

  • Reasonable cause narrative (when applicable)

  • Coordinated submission strategy (fax + certified mail)

  • Documentation positioning for IRS review

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🔴 Multi-Entity / Complex Structures

  • Multiple foreign-owned entities

  • Related-party and intercompany transactions

  • Ownership structure review

  • Coordinated multi-entity filings

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🧠 Review / Second Opinion

  • Review of prior or draft filings

  • Identification of errors or omissions

  • Risk exposure assessment

  • Recommendations for correction or filing strategy

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2️⃣ ⚠️ When You Need This Service​

  • You own a U.S. LLC as a non-U.S. person

  • Your LLC had transactions with you or related parties

  • You missed a prior filing deadline

  • You are unsure if your LLC has reporting requirements

  • You want to avoid or address IRS penalties

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3️⃣ 🧠 Our Approach

Not all Form 5472 filings are the same.

Many providers focus on completing the form.
FPG-USA focuses on:

  • Compliance and accuracy

  • Proper identification of reportable transactions

  • Documentation and support positioning

  • Filing strategy for late or sensitive cases

  • Reducing exposure to IRS penalties

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4️⃣ 💰 Pricing Guidance

Engagement fees vary depending on structure, activity, and whether filings are current or require catch-up. 

 

This is not a template-based filing service. Each engagement is prepared with attention to compliance, documentation, and IRS penalty exposure..

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Not sure if your LLC requires Form 5472?

🧠Review & Second Opinion (Compliance Assessment): Starting at $150

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Typical Engagement Ranges (Per Entity)

🟢 Standard Filing (On-Time):
$300 – $600

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🔵 Late Filing / Catch-Up:
$500 – $1,000

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🔴 Multi-Entity / Complex:
Custom Quote: Discounts apply

 

👉 We’ll review your situation and provide a clear, fixed-fee quote before any work begins.​

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5️⃣ 🔁 Ongoing Compliance Requirement

Foreign-owned U.S. LLCs are generally required to file Form 5472 annually, even in years with minimal or no activity.

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Failure to file in any given year may result in significant penalties.

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Many clients engage us on an ongoing basis to:

  • confirm whether a filing is required each year

  • ensure continued compliance

  • avoid unexpected penalties

 

👉 We can assist with both initial filings and ongoing annual compliance review.

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6️⃣ Next Steps

Let’s review your situation and determine the proper approach.

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​​​​👉 Schedule Your Free Consultation

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👉 Email Us to Discuss Your Situation

​​To help us respond efficiently, please include basic details about your LLC and filing status.

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2. When You Need This Service
3. Our Approach
4. Pricing Guidance
5. Ongoing Compliance Requirement
6. Next Steps
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Ph:  417-862-4710
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