Terms of Service
1. The service
AkamindTax is a self-service compliance filing platform. We provide software that guides you through completing IRS Form 5472 and the accompanying Pro Forma Form 1120, collects your signature, generates IRS-formatted documents, and submits them to the IRS on your behalf with delivery confirmation.
We are not a law firm. We are not a certified public accounting firm. Nothing on this platform constitutes legal advice, tax advice, or accounting advice. If you have complex tax questions, consult a licensed tax professional.
2. Eligibility
This service is designed for a specific situation: a U.S. limited liability company that is treated as a disregarded entity for federal tax purposes, owned 100% by a single foreign person (individual or entity). If your structure differs — multiple owners, a corporation, an S-Corp election, or a partnership — this service may not be appropriate for you. The eligibility questionnaire at the start of the wizard is there for a reason; answer it honestly.
3. Your responsibilities
You are responsible for:
- The accuracy of all information you enter, including EIN, owner details, addresses, and transaction amounts
- Determining whether Form 5472 applies to your LLC for the tax year in question
- Filing within the deadline (generally April 15, or the extended deadline if you file Form 7004)
- Keeping a copy of the filed documents for your records
- Informing us promptly if any transmitted information was incorrect
We transmit what you give us. If you enter incorrect information and we transmit it, the responsibility for any resulting penalties rests with you. The IRS penalty for a late or incorrect Form 5472 is currently $25,000 per form, per year.
4. Fees and refunds
The fee is $49 per filing, charged at the time you submit. Payment is processed by Stripe.
Refunds are available if we have not yet transmitted your filing by fax. Once transmission has been initiated, the fee is non-refundable because the IRS processing cost has been incurred. If a fax transmission fails through our error (not incorrect information you provided), we will retry at no additional charge.
To request a refund before transmission, email [email protected] with your filing ID.
5. Fax transmission
IRS fax transmission is inherently asynchronous. We submit your documents through a certified fax service (Sinch) to the IRS processing center in Ogden, Utah. Delivery confirmation from the IRS is based on fax line acknowledgment, not a response from the IRS itself — the IRS does not provide real-time electronic acknowledgment for fax filings.
We retain fax transmission logs, including timestamp and confirmation ID, for 7 years.
6. Limitations of liability
AkamindTax is a self-service compliance filing platform. To the maximum extent permitted by applicable law:
- We are not liable for IRS penalties, interest, or assessments resulting from incorrect information you provided
- We are not liable for IRS processing delays or rejections outside our control
- Our total liability for any claim arising from use of this service is limited to the amount you paid for the specific filing in question
7. Account security
You are responsible for maintaining the confidentiality of your account credentials. We recommend enabling two-factor authentication (available in your account settings). We will never ask for your password by email or phone.
8. Governing law
These terms are governed by the laws of the State of Delaware, without regard to conflict-of-law principles. Any disputes shall be resolved in the courts of New Castle County, Delaware, or in federal court in the District of Delaware.
9. Changes to these terms
We will notify you by email at least 14 days before any material change takes effect. Continuing to use the service after the effective date constitutes acceptance of the revised terms.
10. Contact
Questions about these terms: [email protected]