HELP JAMES! FOREIGN OWNED LLC - 5472 PENALTY · Global Business Growth Club

HELP JAMES! FOREIGN OWNED LLC - 5472 PENALTY

! I'm Brazilian and I have a US LLC. I did not file forms 5472 and 1120 for the past 2 years. I've been travelling for the past few years, and I didn't check my mail since then, so I don't know if I actually got a penalty letter from the IRS or not...

I just found out about potentially having to pay a penalty of 25K per year for not filing.

So 3 questions:

Is there a way for me to check if there are any penalties attached to my US LLC?
I read that I don't have to file these forms if I don't have any reportable transactions. So how would they know If I do or not?
Lets say I discover that I owe a penalty for not filing. I'm Brazilian and I live outside the US. What happens realistically if I just ignore it?

Thanks! I really appreciate what you do.

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