Form 5472 for Russian Emigres: What Happens If You Opened a US LLC After 2022 If you left Russia in 2022 and opened a US LLC to keep your business running, the IRS requires an annual filing called Form 5472 — and missing it triggers a $25,000 penalty per year. Here's what it is, who it applies to, and how to fix it
How to Avoid the $25,000 Form 5472 Penalty (And What to Do If You're Already Late) The IRS doesn't send warnings on Form 5472. They send penalty notices. $25,000 per form, per year — and it's automatic. No phone call, no courtesy letter, no grace period. You either filed correctly and on time, or you didn't. I've seen
