Late filing
You missed a Form 5472 deadline, now what?
Last reviewed: April 2026 · IRS sources verified at review date.
If a required Form 5472 was not filed on time, the IRS may assert penalties under IRC §6038A(d), including $25,000 per form per tax year and continuation penalties after notice. Fylit does not guarantee penalty relief.
Practical next steps: (1) stop the bleeding, assemble records and file as soon as you can; (2) consult a licensed tax professional about penalty mitigation and your specific facts; (3) use software to organize what you will need for a clean filing packet.
Late is better than never. Start now.
Fylit Check organizes your data into a filing-ready packet. You review and submit, the penalty clock only stops when the return is filed.
Your original filing deadline has passed. Under IRC §6038A(d), the IRS may assess a penalty of $25,000 per form per tax year for failure to file Form 5472, plus $25,000 per 30-day period after an IRS notice, with no statutory cap. Getting organized now may reduce further exposure. This does not guarantee any penalty waiver or abatement. Consult a licensed tax professional regarding any penalties already assessed.