Terms of Service

1. What this service is

form5472 (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. We are not a CPA firm or tax advisor

The Service is not a tax preparation service, a Certified Public Accountant firm, an Enrolled Agent, or a tax advisor. We do not review your particular facts and circumstances, render opinions on your tax positions, or prepare any return that calculates tax. No attorney-client, accountant-client, or fiduciary relationship is formed by your use of the Service.

3. 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.

4. Fees and payment

Fees are payable per filing, in advance, via our payment processor (Stripe). All fees are non-refundable once a PDF has been generated, except as expressly stated (e.g., if we are unable to transmit your filing to the IRS after three attempts).

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. Contact

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