What is the IRS Form 5472 in Florida?

EPGD Law Transactional

If you are a U.S. company and have a foreign owner or foreign shareholders, then your company likely needs to file Form 5472.

Who Needs to file Form 5472?

Foreign-owned LLC’s and C-corporations with at least 25% foreign shareholders or partners must file Form 5472 each year with reportable transactions. It is the responsibility of the corporation, not the individual owner or shareholder, to file Form 5472. Business lawyers can assist with the filing of the form.

Additionally, all foreign corporations engaged in trade or business within the United States must file this form annually.

When do I file Form 5472?

Form 5472 should be filed as an attachment to the reporting corporation’s income tax return. If you are a foreign-owned company, you cannot file electronically.

What is a Reportable Transaction for Purposes of Form 5472 in Florida?

The IRS defines a “reportable transaction” as any activity between a foreign owner and a U.S. corporation. There is no limit in value or de minimums threshold to fall within this category. Some examples include sales and rent for which monetary consideration was the sole consideration paid or received.

EPGD Business Law is located in beautiful Coral Gables. Call us at (786) 837-6787, or contact us through the website to schedule a consultation.

*Disclaimer: this blog post is not intended to be legal advice. We highly recommend speaking to an attorney if you have any legal concerns. Contacting us through our website does not establish an attorney-client relationship.*

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Eric Gros-Dubois

Founding partner Eric Gros-Dubois established EPGD Business Law in 2013. With over a decade of experience expanding the firm and leading it to its current success, Eric now primarily manages the corporate division of EPGD. Given Eric’s educational background, holding both a JD and MBA, combined with his own unique experience of starting a business from scratch and growing it to a multi-million dollar firm, he brings a specialized and invaluable perspective to those seeking legal assistance for themselves and their businesses. Having now instilled his same values in our team of skilled corporate associates, Eric leads a firm that is always ready, willing, and equipped to handle any and every legal matter that a business owner may have.


*The following comments are not intended to be treated as legal advice. The answer to your question is limited to the basic facts presented. Additional details may heavily alter our assessment and change the answer provided. For a more thorough review of your question please contact our office for a consultation.



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