How to File Form 5472 & 1120 Without Risking a $25,000 Penalty (Do It Correctly)

How to File Form 5472 & 1120 Without Risking a $25,000 Penalty (Do It Correctly) 📌 File your Form 5472 here: 👉 https://byhessel.com/5472direct Form 5472 is a required IRS filing for foreign-owned US LLCs, and failing to submit it correctly can result in a $25,000 penalty, even if your company made no profit. This video breaks down how Form 5472 works, what needs to be reported, and how non-US founders can complete the filing correctly without unnecessary costs or mistakes. It also covers the filing deadline, extension options using Form 7004, and the different ways to handle the filing (CPA, DIY, or specialized services). 🔗 Links Mentioned: ➤ File Form 5472 (5472 Direct): https://byhessel.com/5472direct ➤ Form your US LLC (Northwest): https://byhessel.com/northwest 📘 DIY 5472 guide: https://youtu.be/5tmpalN6yGo 💡 Timestamps: 00:00 Intro 01:32 What Form 5472 Is 02:04 Who Needs to File 02:14 Deadline + $25,000 Penalty Explained 02:52 CPA vs DIY vs Service (Best Option) 04:22 Step-by-Step Filing Walkthrough 08:15 Transactions Explained (What to Report) 10:48 Finalizing & Submitting to IRS 11:20 What Happens After Filing 11:55 Extension Option (Form 7004) 12:28 Cost Comparison & Final Advice 📧 My email: hessel@studiohessel.com 🌍 Follow for more international business setups