Every month, a new international tax topic. Join the Hodgen Law team live—fresh insights, straight from the source. This month, we will look at the ins and outs of Form 5472.

Form 5472 is an IRS requirement for U.S. corporations with at least 25% foreign ownership and foreign corporations engaged in U.S. business. It’s used to report certain transactions—like sales, loans, or services—with related foreign parties, helping the IRS ensure compliance with tax laws and prevent income shifting. Companies required to file must attach Form 5472 to their corporate tax return (Form 1120), and failure to do so can result in hefty penalties starting at $25,000 per year.

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Formerly named International Tax Lunch Series May 2025