Questions

What is a reportable transaction in IRS Corporate Tax Law?

I'm a foreign founder who has a Delaware C -Corp. I'm the only shareholder. I have used my personal card for paying my corporate expenses like Franchise fees, incorporation fees and trademark filing fees. I don't want my company to pay it back. I mean I don't consider it as a loan. Would that be considered as a reportable transaction under IRS Form 5472?

1answers

Yes. Generally these amounts should be reported on Form 5472. If you are paying company expenses using your personal funds as the sole shareholder, the amounts would be classified as additional paid-in-capital contributions by the sole shareholder, so they wouldn't be recorded on the company balance sheet as a shareholder loan. These payments would fall under the category of "other amounts paid" or "other amounts received" on the Form 5472.


Answered 5 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2025 Startups.com LLC. All rights reserved.

Unlock a ton of startup help for less than your daily coffee.

gray-lock

Unlimited Access
Full use of our tools, courses, and community.

gray-education-book

Every Startup Course & Video
600+ Master Classes, eBooks, and full online courses.

gray-tools

All Our Tools
Startups.com, Bizplan, Launchrock, Fundable - included.

gray-education-customers

Founder Community
Startup Therapy Podcast, Forums, and Answers.

Get Startups Unlimited
Select Your Membership

Register

Have an account? Sign In



Signing up for a Startups.com account means you agree to the Terms of Service and Privacy Policy.

Sign in

No account? Join Now!