Form 5472 - How early?

[notyetnomad]

I l'm filing forms 5472 and 1120 for the first time.

I think I've got them perfect. I'm ready to file them.

But should I? How early can Infile them?

 

[daniels27]

@mud just told us days ago
https://www.offshorecorptalk.com/th...o-income-very-minimal-risk.46992/#post-339331

"Foreign-owned U.S. DE" should be written across the top of the Form 1120.

File these forms by:
Fax (300 DPI or higher) to 855-887-7737, or
Mail to:
Internal Revenue Service
1973 Rulon White Blvd
M/S 6112 Attn: PIN Unit
Ogden, UT 84201

https://www.irs.gov/instructions/i5472#en_US_202401_publink100058495

You can file them any time before the deadline.

 

[notyetnomad]

@mud just told us days ago

Post in thread 'Cheapest jurisdiction to incorporate company with no income, very minimal risk?'

Jan 22, 2025

Is this new? I think previously, you had to print and mail.


Have you done this? How about the banking?

Not to my knowledge.

OP doesn't want banking.

But you can get banking for Eswatini companies with neo banks just not in Lilangeni. The local Swazi banks are pretty screwed (I've spoken with all up to CEO level) as they don't follow the government rules which allow and encourage foreign investment. In our case the most open refuses to deal with travel agenices (go figure), which we're not, but as or constitution allows for that as one of the businesses we still got...

• mud

• 

I don't understand.

I have the forms ready. I know that I have to fax or mail them.

I know that the deadline is April 15.

But can I already file them today? Or do I need to wait until April?

 

[daniels27]

You can file them today. You need to file before the deadline and can file as early as the forms are out. 1120 is updated yearly, make sure to use the proper year.

 

[notyetnomad]

Thank you! I think I got the correct one.

It has 2024 written on the top right side.
I assume itnis the correct one, because the filing is for the 2024 tax year, right?

 

[daniels27]

Yes. That's the one you need. Fax it and save the submission transcript just in case. If there is any question from them, that transcript will save you.

 

[andrew28fl]

Yes. That's the one you need. Fax it and save the submission transcript just in case. If there is any question from them, that transcript will save you.

I thought IRS filing starts on January 27 2025. https://www.irs.gov/newsroom/irs-an...ce-tools-and-filing-options-to-help-taxpayers Am I missing something?

 

[daniels27]

I thought IRS filing starts on January 27 2025. https://www.irs.gov/newsroom/irs-an...ce-tools-and-filing-options-to-help-taxpayers Am I missing something?

It is for Direct File. If you print or fax, you can do it earlier. I don't think they will discard it. Free file is available as of the publication (Jan. 10, 2025):

The IRS has also expanded features and availability of last year’s Direct File program. This year, Direct File will be available starting Jan. 27 to taxpayers in 25 states. In addition, the IRS Free File program opens today. Available only on IRS.gov, IRS Free File Guided Tax Software provides millions of taxpayers nationwide access to free software tools offered by trusted IRS Free File partners.