Every foreign-owned, single-member US LLC must file Form 5472 and a Pro Forma 1120 with the IRS every year — regardless of whether the LLC had any income, activity, or US tax owed. This is our most-praised service by real clients, and the one most commonly missed by DIY founders who assume "no income means nothing to file."
The penalty for failing to file Form 5472 when required starts at $25,000 — this is an information-reporting penalty, completely separate from any tax liability. It applies even if your LLC made $0 in revenue. It is the single highest-stakes compliance item for foreign-owned LLCs.
An information return reporting transactions between your LLC and its foreign owner (you) — capital contributions, distributions, and any payments between you and the LLC.
Used as a transmittal for Form 5472. For most non-resident single-member LLCs with no US trade or business, the income sections are left blank — it exists solely to attach Form 5472 to.
If a prior year's filing was late or missed, we prepare a Reasonable Cause Statement explaining the circumstances to the IRS — this is often the difference between a real $25,000 penalty and a waived one.
We file by fax directly to the correct IRS office and provide you with fax confirmation as proof of timely filing.
Whether this is your first filing or you're catching up on a missed year, we'll handle it correctly.