Does Stripe Atlas file Form 5472 for me?

No. Stripe Atlas's own documentation explicitly states they do not handle annual federal tax filings, including Form 5472. You're responsible for filing it every year. Their optional ongoing services may include some help; the standard formation product ends after year 1 day 1.

I just got my Stripe Atlas LLC this year — do I file Form 5472 already?

If your LLC had any reportable transaction in its first year (including the initial capital contribution to fund the Mercury account or pay the Stripe Atlas formation fee), yes. The filing is due April 15 of the following year.

Do I also need Delaware franchise tax compliance?

Yes — Delaware charges a $300 annual franchise tax for LLCs, due June 1. Completely separate from Form 5472. We don't handle Delaware state filings; pay it directly at corp.delaware.gov (10-minute self-serve form).

What's the cheapest option if I have one year to file?

$79 for the filing prep + $0 if you self-fax. Total $79. Add $19 if you want us to fax to the IRS and send you the timestamped receipt as proof of filing.

I have 3 Stripe Atlas LLCs — do I file 3 separate Form 5472s?

Yes. Each LLC files its own Form 5472 + pro forma 1120 separately. Three LLCs = three filings = $237/year at our rate (3 × $79). Each gets its own fax receipt.

Stripe Atlas says I don't owe US tax — so why file Form 5472?

Both are true. You owe $0 US federal income tax (Stripe Atlas is right). But you still must file Form 5472 + pro forma 1120 as an INFORMATION return — disclosure only, not tax. The $25,000 penalty applies to non-filing regardless of whether tax is owed.

Does Stripe send my info to the IRS automatically?

Stripe issues a 1099-K to your LLC each year showing payment processing volume (if it exceeds reporting thresholds). The IRS sees this and knows your LLC has revenue. That makes them more likely to notice if you don't file Form 5472. Filing protects you from the penalty regardless.

I formed my LLC through Atlas but moved it to Wyoming. Does that change anything?

Federal Form 5472 obligation is identical in Wyoming and Delaware. State fees are lower in Wyoming ($60 vs $300). The federal piece — what we handle — is the same in both states.

I missed Stripe's note about Form 5472. Is it really my responsibility?

Yes. The IRS doesn't care whose website you read. Once you formed a US LLC as a foreign person, the Form 5472 obligation is yours. The good news: if you missed prior years and haven't been contacted by the IRS, DIIRSP catch-up is available and most first-time foreign-owner cases are accepted without penalty.

Does your service work for Stripe Atlas LLCs specifically?

Yes — most of our customers are Stripe Atlas Delaware LLC owners. The wizard is pre-tuned for this profile (defaults to Delaware, common NAICS for SaaS / ecommerce / consulting, Mercury-style banking assumptions). 15 minutes for year 1, even faster for year 2+.

Form 5472 + 1120 filing service

Stripe Atlas LLC owners — Form 5472 is on you, not Stripe

Stripe Atlas makes US LLC formation effortless for foreign founders — Delaware LLC + EIN + Mercury bank account in days. What Stripe Atlas explicitly does NOT handle is the annual IRS filing your LLC owes every year: Form 5472 + pro forma Form 1120. Skip it and the IRS charges $25,000 per year, per form. This is the complete Stripe Atlas + Form 5472 playbook — including the typical year-2 surprise, the Delaware franchise tax, and how to catch up if you've missed prior years.

100% money-back if we fail to submit · 15-minute filing

What Stripe Atlas covers — and what it doesn't

Stripe Atlas is excellent at: • Forming your Delaware LLC (typically completes in 1-3 days). • Getting your EIN (international applicants get one without needing a US SSN/ITIN). • Setting up a US business bank account via Mercury (or similar fintech). • Providing legal templates (operating agreement, member resolutions). • Issuing equity to founders if you have co-founders. • Stripe payment processing integration on day 1. What Stripe Atlas explicitly does NOT cover (and Stripe says so in their own docs): • Annual federal tax filings, including Form 5472. • Pro forma Form 1120 (the attachment to Form 5472). • Delaware franchise tax ($300/year — they remind you but don't pay it). • State annual reports. • BOI (Beneficial Ownership Information) reports to FinCEN. • Personal Form 1040-NR (if you have US-source income). • Sales tax registrations. • Bookkeeping or accounting. If you formed your LLC through Stripe Atlas and you're a non-US person, Form 5472 is yours to file — every year, by April 15. Stripe's role ended at formation.

Why this catches Stripe Atlas founders off-guard

Most Stripe Atlas LLCs are owned by overseas SaaS / e-commerce / consulting founders who incorporated US-side to access Stripe payments and US business banking. Their LLC has clear revenue, runs through Stripe and Mercury, and from their perspective the US side "just works". The disconnect: the IRS requires Form 5472 even when: • Your LLC owes zero US federal tax (most do). • Your LLC's customers are 100% outside the US. • Your LLC's only activity is one wire from you to fund operations. That wire is itself a reportable transaction. So almost every Stripe Atlas LLC owes Form 5472 every year. The second disconnect: there's no IRS reminder. The IRS doesn't email you in March saying "hey, Form 5472 is due in 30 days." You're expected to know. Most founders learn about Form 5472 from a Reddit thread, a Stripe Atlas community post, or — worst case — a CP-15 penalty notice in the mail two years after they should have filed.

The Stripe Atlas typical compliance stack

If you formed your LLC via Stripe Atlas, here's your full annual compliance stack: Federal (us): • Form 5472 + pro forma Form 1120 due April 15. $25,000 penalty if missed. Our service: $79-$199. • BOI report to FinCEN — required within 30 days of formation, one-time. Free, self-serve at fincen.gov. State (Delaware, self-serve): • Delaware Annual LLC Franchise Tax: $300, due June 1. Self-serve at corp.delaware.gov. Situational: • Personal Form 1040-NR — only if you have US-source income personally (rare for most Stripe Atlas LLCs). • Sales tax registrations — only if you cross economic nexus thresholds in specific states (rare for SaaS, more common for physical-goods ecommerce). • Payroll taxes — only if you have US employees (rare). Not Stripe's job after formation: • None of the above is included in the Stripe Atlas formation product. Some of Stripe Atlas's optional ongoing services may handle pieces, but the standard formation product ends at year 1 day 1. Total annual federal compliance with us: $98 (1 year + fax delivery). Plus $300 Delaware state. Total year 2+: $398/year.

What you actually file for Form 5472

For a Stripe Atlas Delaware LLC owned by one non-US founder, the federal filing package is: 1. Cover letter identifying the filing. 2. Pro forma Form 1120 — entity info only, stamped "Foreign-Owned U.S. DE" at the top. Income, deductions, tax sections all blank. 3. Form 5472 — Parts I (your LLC), II (you as foreign shareholder), III (you again as related party), IV (monetary transactions, often blank), V (reportable transactions — capital contributions, distributions), VII (FDE confirmation). 4. Part V supporting statement — list of each reportable transaction. 5. Reasonable Cause Statement — only if filing late under DIIRSP. All faxed to the IRS Ogden PIN Unit at +1-855-887-7737. The fax transmission receipt is your proof of timely filing. Total pages: 5-8. Total time to file with us: ~15 minutes. Total cost with us: $79 + optional $19 fax = $98.

Common Stripe Atlas LLC scenarios

Scenario A — Year 1, no revenue yet: Lucia formed her Stripe Atlas LLC in June 2024. By December 2024 the only activity was: $5K capital contribution to open Mercury account + $500 spent on Stripe Atlas formation fee. Required for tax year 2024: Form 5472 + pro forma 1120. Part V reports the $5K capital contribution. Files by April 15, 2025 with our service for $98. Scenario B — Year 2, growing SaaS: Mei has been running her Stripe Atlas Delaware LLC for 2 years selling SaaS to EU customers. Year 2 revenue: $180K, $0 US tax owed. She files Form 5472 + 1120 reporting capital contributions and distributions to/from her HK bank account. $98 with our service. Scenario C — Discovered Form 5472 late: Carlos formed his Stripe Atlas LLC in 2022. Three years later (2025) he discovers Form 5472 obligation. He files 2022, 2023, 2024 together under DIIRSP using our 3-year catch-up ($199 + $19 fax = $218). Reasonable cause statement auto-generated for first-time foreign-owner unawareness. Typical outcome: penalty waived. Scenario D — Multiple Stripe Atlas LLCs: Mei has 3 separate Stripe Atlas LLCs for 3 different product lines. Each one needs its own Form 5472 + pro forma 1120 every year — 3 separate filings, $79 each with us = $237/year just for federal compliance.

How we handle it

We built Form5472 Prep specifically for the Stripe Atlas / Mercury / non-US-founder profile. Most of our customers are Stripe Atlas Delaware LLC owners — the wizard is pre-tuned for this exact case: • 12-question wizard. Pre-filled state (Delaware), common NAICS suggestions for SaaS / ecommerce / consulting. • In-portal canvas signature — no printing, scanning, or uploading needed. • Accountant review on every package before submission. • IRS fax delivery + timestamped receipt as proof of filing. • Pre-fills the next year from your prior filing — year 2 onward takes 5 minutes. • Optional annual reminder emails so you don't miss the April 15 deadline. Pricing: • 1 tax year: $79 + $19 fax = $98 total • 2 tax years (DIIRSP catch-up): $149 + $19 fax = $168 total • 3 tax years (DIIRSP catch-up): $199 + $19 fax = $218 total • Self-fax option: skip the $19 fee and fax the signed PDF yourself. 100% money-back guarantee if we fail to submit your filing to the IRS.

If you've missed prior years

Many Stripe Atlas founders discover Form 5472 a year or two after forming their LLC. The IRS provides DIIRSP — Delinquent International Information Return Submission Procedure — as the standard catch-up: • File all missed years together as one package. • Include a Reasonable Cause Statement explaining first-time foreign-owner unawareness. • Fax to +1-855-887-7737 (IRS Ogden PIN Unit). • Most first-time catch-ups are accepted with no penalty assessed. DIIRSP eligibility: you have not yet been contacted by the IRS about the specific year's delinquency. As long as no CP-15 notice has arrived for those years, DIIRSP is available. Our multi-year packages: • 2-year catch-up: $149 + $19 fax = $168 total. • 3-year catch-up: $199 + $19 fax = $218 total. Don't wait. Once the IRS issues a CP-15, that year's DIIRSP eligibility ends and you're in the harder post-assessment appeal process.

The Stripe Atlas + Mercury banking dimension

Most Stripe Atlas LLCs bank with Mercury. Mercury is a US-based fintech, so the LLC's main bank account is considered US — no FBAR (foreign bank account report) is required just for the Mercury account. If you supplement Mercury with Wise USD, Brex, Relay, or other US-based business banking — also fine, no FBAR. FBAR enters the picture only if your LLC opens accounts OUTSIDE the US (e.g. Wise EUR account, Revolut Business EU). In those cases the LLC itself may need to file FBAR, separate from Form 5472. Talk to a tax professional if your LLC has non-US accounts. For the standard Stripe Atlas + Mercury / Wise USD / Brex profile, Form 5472 + Delaware franchise tax + BOI report is the complete compliance picture. No FBAR needed.

Common Stripe Atlas + Form 5472 mistakes

• Assuming Stripe Atlas "handles everything" — they don't. Annual federal filings (including Form 5472) are explicitly excluded from the formation product. • Waiting until April 14 to start — gather records earlier. Year 1 you'll need: Mercury statements, Stripe payout reports, any wires you made to/from the LLC. • Ignoring the BOI report — separate from Form 5472, due within 30 days of LLC formation. Self-serve at fincen.gov, free, takes 15 minutes. Penalty for missing: up to $500/day plus criminal liability. • Forgetting Delaware franchise tax — $300/year due June 1. Different deadline from Form 5472. Pay directly at corp.delaware.gov. • Assuming your CPA back home (in your country) knows about Form 5472 — they almost certainly don't. This is US-specific. • Filing only Form 5472 without the pro forma 1120 — invalid filing, triggers $25,000 penalty. • Filing through a regular tax software like TurboTax — doesn't support Form 5472 for foreign-owned DEs. Fax or mail only.

Bottom line for Stripe Atlas LLC owners

Stripe Atlas got you the LLC, the EIN, and the Mercury account. That's where their job ended. From year 1 onward, Form 5472 + pro forma 1120 is on you, due April 15 each year, with a $25,000 penalty per year if missed. Our service is built for this profile — flat-fee, accountant-reviewed, with a money-back guarantee. $79-$199 depending on years. Most of our customers come from Stripe Atlas, Mercury, and similar foreign-founder onboarding paths. File early, file every year, keep the fax receipt for your records. The $25,000 penalty is the single largest compliance risk for your LLC — bigger than every other federal/state obligation combined.

Skip the work — file in 15 minutes.

We generate every form, you sign one PDF, we fax it to the IRS Ogden PIN Unit. Flat $79.00 + $19.00 fax delivery.

Filled IRS Form 5472 + pro forma 1120
Reasonable cause statement (if late)
Faxed to IRS Ogden PIN Unit
100% money-back guarantee

Frequently asked questions

Does Stripe Atlas file Form 5472 for me?: No. Stripe Atlas's own documentation explicitly states they do not handle annual federal tax filings, including Form 5472. You're responsible for filing it every year. Their optional ongoing services may include some help; the standard formation product ends after year 1 day 1.
I just got my Stripe Atlas LLC this year — do I file Form 5472 already?: If your LLC had any reportable transaction in its first year (including the initial capital contribution to fund the Mercury account or pay the Stripe Atlas formation fee), yes. The filing is due April 15 of the following year.
Do I also need Delaware franchise tax compliance?: Yes — Delaware charges a $300 annual franchise tax for LLCs, due June 1. Completely separate from Form 5472. We don't handle Delaware state filings; pay it directly at corp.delaware.gov (10-minute self-serve form).
What's the cheapest option if I have one year to file?: $79 for the filing prep + $0 if you self-fax. Total $79. Add $19 if you want us to fax to the IRS and send you the timestamped receipt as proof of filing.
I have 3 Stripe Atlas LLCs — do I file 3 separate Form 5472s?: Yes. Each LLC files its own Form 5472 + pro forma 1120 separately. Three LLCs = three filings = $237/year at our rate (3 × $79). Each gets its own fax receipt.
Stripe Atlas says I don't owe US tax — so why file Form 5472?: Both are true. You owe $0 US federal income tax (Stripe Atlas is right). But you still must file Form 5472 + pro forma 1120 as an INFORMATION return — disclosure only, not tax. The $25,000 penalty applies to non-filing regardless of whether tax is owed.
Does Stripe send my info to the IRS automatically?: Stripe issues a 1099-K to your LLC each year showing payment processing volume (if it exceeds reporting thresholds). The IRS sees this and knows your LLC has revenue. That makes them more likely to notice if you don't file Form 5472. Filing protects you from the penalty regardless.
I formed my LLC through Atlas but moved it to Wyoming. Does that change anything?: Federal Form 5472 obligation is identical in Wyoming and Delaware. State fees are lower in Wyoming ($60 vs $300). The federal piece — what we handle — is the same in both states.
I missed Stripe's note about Form 5472. Is it really my responsibility?: Yes. The IRS doesn't care whose website you read. Once you formed a US LLC as a foreign person, the Form 5472 obligation is yours. The good news: if you missed prior years and haven't been contacted by the IRS, DIIRSP catch-up is available and most first-time foreign-owner cases are accepted without penalty.
Does your service work for Stripe Atlas LLCs specifically?: Yes — most of our customers are Stripe Atlas Delaware LLC owners. The wizard is pre-tuned for this profile (defaults to Delaware, common NAICS for SaaS / ecommerce / consulting, Mercury-style banking assumptions). 15 minutes for year 1, even faster for year 2+.