FBAR
Accounts outside the U.S. with more than $10k. The FBAR was never filed.
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Cherry Tax Health CheckIs your U.S. company
Is your U.S. company
up to date? Find out.
We check every IRS, FinCEN, and state filing, year by year. You get a clear report: what’s missing, what it could cost, and how to fix it.
Built for founders with
- Single-member LLC
- Multi-member LLC
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- Owners outside the U.S.
Your companyQuestion 1 of 4
What kind of company is it?
Who it’s for
For founders who aren’t sure their company is up to date.
You have a U.S. LLC or C-corp, and you probably live outside the U.S. If any of these sound familiar, start here.
- 01
You never filed Form 5472.
Required for every foreign-owned LLC, even with $0 in revenue.
- 02
Your formation service said “you don’t need to do anything.”
Forming the company was the easy part. The filings come every year.
- 03
You inherited a mess from another accountant.
Missing years, missing forms, and nobody who can tell you what’s true.
How it works
Four steps. No account, no back-and-forth.
Every file, checked by a person.
An expert accountant signs off.
- 01
Tell us about you.
A short form: your entity type, owners, and any accounts outside the U.S.
- 02
Upload your files.
We send a document list for your case. Upload it by private link, no login.
- 03
An expert checks it.
An expert accountant goes through every file: what’s filed and what’s missing.
- 04
Every year, checked.
We check every federal and state filing, each year: IRS, FinCEN, and your state.
What you get
A 3–4 page report, ready to share.
Send it to your co-founder, your investors, or your next accountant. Everyone reads the same picture.
The short version.
What’s in order and what needs fixing, in plain language.
Your exposure in dollars.
Up to how much you could face in IRS and FinCEN penalties, broken down by risk, with the worst case for each.
Every obligation, year by year.
Each return and its status every year: filed, missing, or not required. And where we found it.
What we reviewed.
Every file you sent, what it showed us, and what we couldn’t find.
Tax Health Check · Page 1 of 4
Northwind Labs LLC.
Delaware single-member LLC · Foreign owner · Reviewed Oct 2026
THE SHORT VERSION
Two things are in order. Three need fixing, starting with Form 5472 for 2022 and 2023.
THE EXPOSURE
$66,400If nothing is done, you could face up to this in IRS and FinCEN penalties.
| Obligation | 2022 | 2023 | 2024 |
|---|---|---|---|
| Form 5472 + 1120 | Missing | Missing | Filed |
| FBAR (FinCEN 114) | N/A | Missing | Filed |
| Delaware annual report | Filed | Missing | Filed |
| Form 1099-NEC | N/A | N/A | Filed |
Sources: 2024 Form 1120 (filed), Mercury statements, Wise statements, Delaware portal.
Why it matters
$25,000
The penalty for not filing Form 5472. Per form, per year.
Many penalties shrink or go away when they’re fixed early, with a good explanation. The sooner you know, the less you pay.
You find it first.
Fixed early, with a clear explanation, penalties can be reduced or removed.
Reduced or waivedYou wait a year.
Another year passes without the form. That’s another penalty on the same problem.
+$25,000 per yearThe IRS finds it first.
The full penalty applies. Still not filed 90 days after the notice? $25,000 more for every 30 days.
Full penalty, then more
From our latest reviews
We keep finding what other platforms missed.
Prior years
Earlier years were never filed. The last provider prepared only the current year.
The rest was ignored, as if it didn’t exist.
Form 5472$25,000 / year
A foreign-owned LLC that never invoiced anything still has to file Form 5472.
We see this all the time. Most founders don’t know.
Find out where you stand, before the IRS does.
Fill in a short form today. We’ll send your document list and get to work. Your report comes back reviewed by an expert accountant.
- Private upload link
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- Reviewed by an expert accountant