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Exchange Rates guides
2 practical guides on Exchange Rates for foreign-owned US LLC owners.
September 30, 202611 min read
Does the IRS Have an Official Exchange Rate? (Form 5472)
No. The IRS says it has no official rate and accepts any posted rate used consistently. Compare the IRS, Treasury and Federal Reserve rates for Form 5472.
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August 19, 20268 min read
Form 5472 Exchange Rates: Converting to US Dollars
Form 5472 amounts must be in US dollars with an exchange-rate schedule. Learn when to use spot or consistent published rates.
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