Terms of Service

1. What this service is

Form5472 Prep (the "Service") is a self-service tool for preparing IRS Form 5472 and pro forma Form 1120, and for transmitting the signed package to the IRS by fax on the user's behalf. The Service generates documents from information the user provides, and acts as a courier in delivering those documents to the IRS.

2. Professional review and tax planning

Every filing is reviewed by a qualified accountant before it is submitted. We prepare and submit the forms from the information you give us; we do not provide personalised tax planning.

3. Electronic signatures and communications

By using the Service, you agree to transact with us electronically and to receive notices about your order by email. A signature you draw or type on the site has the same effect as a handwritten signature on the forms we prepare for you.

To use the Service, you need a current web browser, an email address you can access, and the ability to open PDF files. You may request a paper copy of anything you signed at no charge by emailing support@form5472prep.com.

You may withdraw consent to transact electronically by emailing support@form5472prep.com. If you do, we cannot continue preparing your forms online and will refund any work we have not started. We keep a record of what was signed, when it was signed, and the version of the form wording you signed.

4. Your responsibility for accuracy

You are solely responsible for the truthfulness, accuracy, and completeness of all information you submit to the Service, including financial data, identification numbers, and the determination of whether you are required to file Form 5472 in any given year. You agree to review the generated documents in full before signing and authorizing submission to the IRS.

5. Fees and payment

Fees are payable per filing, in advance, via our payment processor (Stripe). The refund policy in Section 6 explains when a payment can be refunded before or after preparation work has begun.

6. Refunds and cancellations

Before we begin preparing your forms, we will provide a full refund on request. After preparation has begun and before submission, we will refund the fee minus the value of work already done. After submission to the IRS, no refund is available because the service has been delivered.

We may also cancel an order we cannot responsibly complete and refund it in full. Refunds are returned to the original payment method. Please raise payment concerns with us before starting a chargeback so we can review the order and resolve the issue.

7. Orders we may decline

We may decline or cancel an order, with a full refund, where the information provided is incomplete or inconsistent, where the situation is outside what the Service supports, or where we suspect misuse of the Service.

8. Filing transmission

We transmit completed filings to the IRS Ogden Service Center, PIN Unit, at the published fax number for foreign-owned U.S. disregarded entities. We retain the fax transmission receipt as proof of delivery. We do not guarantee that the IRS will process, accept, or assess any particular outcome on your filing.

9. Turnaround times

Any turnaround times quoted on the site are estimates based on normal preparation and IRS processing patterns. They are not guarantees. IRS processing is outside our control.

10. No guarantee of penalty avoidance

The IRS retains discretion over whether to assess or abate penalties. We do not guarantee that a reasonable cause statement we generate will be accepted, nor that any particular penalty will be avoided or reduced.

11. Bank account connections (optional)

The Service offers an optional bank account connection via Plaid Inc. that lets you import the tax year's transactions automatically. Use of this feature is governed by Plaid's End User Privacy Policy in addition to our own Privacy Policy. You may revoke the Plaid connection at any time from your account dashboard. The feature is provided for your convenience; you remain responsible for verifying that the imported and categorized transactions are accurate and complete before authorizing submission.

12. Acceptable use

You may not use the Service to submit false or fraudulent filings, to file on behalf of another person without authorization, or in violation of any applicable law.

13. Indemnity

You agree to indemnify Form5472 Prep against claims, losses, costs, and expenses arising from inaccurate information you supplied or from your misuse of the Service, except to the extent caused by our own negligence or wilful misconduct.

14. Limitation of liability

To the maximum extent permitted by law, our total aggregate liability arising out of or relating to the Service is limited to the fees you paid us in the twelve (12) months preceding the event giving rise to the claim. We are not liable for any indirect, consequential, incidental, or special damages, including lost profits or tax penalties assessed by any tax authority.

15. Termination

We may suspend or terminate your access to the Service at our discretion, including for suspected misuse. You may stop using the Service at any time.

16. Disputes

If a dispute arises, you and Form5472 Prep agree to first try to resolve it by email within 30 days. If it cannot be resolved, the courts located in Wyoming have exclusive jurisdiction. Each party must bring claims individually and not as part of a class action.

This does not affect any consumer rights you cannot waive under the law of your own country.

17. Governing law

These Terms are governed by the laws of the State of Wyoming, U.S.A., without regard to its conflict of laws principles.

18. Changes to prices

Prices may change at any time. The price shown when you pay is the price for that order.

19. Services we rely on

• Stripe: processes payments and related payment records.
• Resend: sends transactional email, including sign-in links, receipts, reminders, and order notices.
• Telnyx: sends filing faxes to the IRS and receives fax responses on our number.
• Cloudflare R2: stores files needed to prepare or evidence a filing.
• Vercel: hosts the application and serves the website.
• Our database provider: stores account, order, filing, and retention records.
• Google: provides measurement and advertising tools used to understand site performance and ad conversions.
• Meta: provides advertising measurement tools when Meta advertising cookies are allowed.

20. Changes to these Terms

We may update these Terms from time to time. Material changes will be communicated by email to the address associated with your account.

21. Contact

Questions about these Terms can be sent to support@form5472prep.com.