IRS Form 5472
Foreign-Owned U.S. LLC Reporting
$300
- Form 5472 preparation for foreign-owned U.S. single-member LLCs
- Pro Forma Form 1120 required cover page for submission
- We file it with the IRS on your behalf
- No IRS account needed we handle it end-to-end
- Covers both active and inactive (zero-revenue) LLCs
- Timely filing to avoid the $25,000 penalty
Who is this for?
For foreign individuals and entities who own a U.S. LLC
If you’re a non-U.S. person or company that owns a U.S. single-member LLC, you’re required to file Form 5472 + a pro forma 1120 annually—even if the LLC has no income, no transactions, or no U.S. activity.
There’s no income threshold or exception: the form is mandatory for all foreign-owned U.S. disregarded entities. Failure to file can result in a $25,000 penalty.
We make it simple by handling preparation and filing for you—so you stay compliant without the hassle.
Why 1040 Abroad?
Trust the experts
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Frequently asked questions
What happens if I don’t file Form 5472?
The IRS imposes a $25,000 penalty per year, per LLC, for failing to file or filing late. This penalty applies even to inactive LLCs.
What information do I need to provide?
You’ll need to provide:
- The name and EIN of the U.S. LLC
- Basic information about the foreign owner
- The LLC’s formation date and state
- Any transactions between the owner and the LLC (if applicable)
What if my LLC didn’t do anything during the year?
Even inactive or dormant foreign-owned SMLLCs must file Form 5472 annually. There is no exemption for zero-activity entities.
Can I use this service if I have multiple LLCs?
Yes. We charge per LLC, and we can handle multiple filings. Let us know how many entities you own and we’ll assist accordingly.
Can you file past-due Form 5472s?
Yes, we can help with late or non-filed 5472s. We’ll also advise on how to reduce penalty exposure where possible.
