Federal filing
Form 5472 and Pro Forma 1120 filing for foreign-owned U.S. LLCs
The yearly IRS filing that most foreign owners of a U.S. LLC must make, prepared and filed for you from start to finish.
Starting from $200
Who needs to file
Form 5472 is how the IRS learns about money moving between a U.S. company and its foreign owner. Two groups file it:
- Foreign-owned single-member LLCs. If you live outside the U.S. and are the only owner of a U.S. LLC, your company files Form 5472 attached to a pro forma Form 1120 each year it has reportable transactions.
- U.S. corporations that are at least 25% foreign-owned, which attach Form 5472 to their regular Form 1120.
Reportable transactions include money you put into the company, money you take out, loans in either direction, and company costs you pay personally, including formation and state fees. That is why most foreign-owned LLCs need to file even in a year with no sales.
What we do for you
- Review your companyWe confirm your ownership, formation date, and which years need a filing.
- Organize your recordsWe go through your bank statements and list every reportable transaction for the year.
- Prepare Form 5472 and the pro forma Form 1120You review the draft with us before anything is filed.
- File and confirmThe return is filed with the IRS and you receive a copy with proof of filing.
- Track next yearWe remind you before your next deadline so the company stays compliant.
What you will need
- Articles of Organization and the company's formation date
- EIN confirmation letter from the IRS
- The owner's name, address, country, and foreign tax ID if one exists
- Business bank statements for the year
- Records of any company costs paid personally
Download the free Form 5472 document checklist (PDF)
Deadlines and penalties
For calendar-year companies, Form 5472 with the pro forma Form 1120 is due April 15. Form 7004 extends that to October 15. The penalty for not filing starts at $25,000 per form, per year, with further penalties if the failure continues after an IRS notice.
If you have already missed a year, see late filings and catch-up.
Pricing
| Service | Starting price |
|---|---|
| Form 5472 + Pro Forma 1120Annual information return for foreign-owned U.S. LLCs and corporations. | From $200 |
| Pro Forma 1120Filed together with Form 5472 at no extra cost. | Included |
| Form 7004 (Extension)Extends the Form 5472 deadline from April 15 to October 15. | $100 |
| FBAR / FinCEN 114 | From $150 |
| Reasonable Cause StatementA written explanation to the IRS requesting relief from late-filing penalties. | From $250 |
| International Tax Consultation | $50 |
| Multi-Year Catch-UpPriced on the number of years you missed and the work involved in each. | Quoted by years missed |
All prices are starting prices. Your exact price is confirmed in your free quote. See all pricing.
Common questions
Is Form 5472 a tax return?
No. It is an information return. It tells the IRS about transactions between your U.S. company and its foreign owner. A foreign-owned single-member LLC that only files Form 5472 with a pro forma Form 1120 usually has no U.S. corporate income tax to pay through that filing.
My LLC made no money this year. Do I still file?
Usually, yes. Forming the company, paying its state or registered agent fees, or moving money into its bank account are transactions between you and the company, and they are what the form reports.
Can I get more time to file?
Yes. Form 7004, filed by April 15, extends the deadline to October 15. We file extensions for $100.
My LLC has two owners. Is this the right form?
An LLC with two or more owners is normally taxed as a partnership and files Form 1065 with a Schedule K-1 for each owner instead. We prepare those as well, from $300.
Ready to file your Form 5472?
Send us your details and we will confirm what your company needs, with a clear quote before any work begins.