Figures Journal

The Figures Journal

Practical guidance on CFO strategy, bookkeeping, tax, and cross-border compliance for founders and small businesses — from the Figures Advisors team.

1 article

Foreign-Owned Companies
Form 5472
Tax Compliance

The IRS Just Clarified Form 5472 Penalty Relief — Here's What CCA 202617012 Means for Founders

The IRS finally spelled out when small foreign-owned companies can escape the $25,000 Form 5472 penalty. A plain-English breakdown of CCA 202617012 and the four tests that decide it.

Figures Advisors · June 24, 2026Read article