Form 5472 and Pro Forma Form 1120 for Foreign-Owned U.S. LLCs
If you live outside the United States and own a single-member U.S. LLC, the IRS generally requires a pro forma Form 1120 with Form 5472 every year — even with no income. The penalty for not filing is $25,000 per form. We prepare and file it: $500 with no activity, $1,000 with transactions. Corporations with foreign shareholders are quoted after review.
$500–$1,000
$500 no activity · $1,000 with transactions · complex structures quoted after review.
331 Tilton Rd, Suite 26, Northfield, NJ 08225 · Mon–Fri 9:00 AM–5:30 PM · Sat–Sun closed · Walk-ins welcome; appointments served first English & Spanish · Se habla español
What's included
Pro forma Form 1120 and Form 5472
Review of reportable related-party transactions
Capital contributions, distributions and loans reported correctly
Form 7004 extension when needed
Copy of the filing and proof of submission
Bilingual support
What to bring
EIN letter and formation documents
Owner's foreign address and foreign tax ID
Passport copy
U.S. bank statements for the full year
A list of money you sent to, or took out of, the LLC
Profit & loss and balance sheet, if the company had activity
How it works
Take the 1120 + 5472 questionnaire on our Services page, or contact us
We review your activity and confirm Basic or Complex
We prepare the forms and send them to you to review and sign
We file with the IRS and send you the copy and proof of submission
Due April 15 for calendar-year companies (October 15 with a Form 7004 extension)
Complete a short secure intake form, then pay through Square. Not sure this is the right service? Book a consultation instead.
📊No Activity
Tax & Filing
Basic 1120 + 5472
Zero-activity annual filing for foreign-owned U.S. corporations. Miss this and the IRS hits you with a $25,000 penalty — even if you made nothing.
$500
Form 1120 — zero activity
Form 5472 — ownership only
First-year or no activity
Single-member entity
E-filed or paper
Bilingual support
✦
Filing confirmation and copy delivered to your email within 5–10 business days.
📈Has Transactions
Tax & Filing
Complex 1120 + 5472
For foreign-owned corporations with revenue, expenses, loans, or owner contributions. Full Form 5472 with reportable transaction amounts.
$1,000
Form 1120 with financials
Form 5472 with amounts
Related-party review
Multi-schedule 5472
Capital contributions
Distributions and loans
✦
Filing confirmation and copy delivered to your email within 7–14 business days.
1120+5472 Decision Tool
Which filing do I need?
Required for ALL foreign-owned U.S. corporations — even with $0 activity. IRS penalty: $25,000 per form.
1. Did your U.S. company receive any payments from customers?
Any deposits from sales or services.
2. Did your U.S. company pay any business expenses?
Rent, software, contractors, or any other costs.
3. Did you send money TO the U.S. company from your accounts?
Capital contributions, owner loans, or wire transfers.
4. Did the U.S. company send money back to you or related parties?
Distributions, loan repayments, or fees paid to you.
5. Did the company have employees or contractors (W-2 or 1099)?
Anyone paid by the company, even part-time.
6. Did the company have ANY activity — even opening a bank account?
Any transactions, contracts, or operations at all.
7. Is this the first year your company was formed?
Company registered within this tax year with no prior history.
Frequently asked questions
Does a foreign-owned U.S. LLC have to file Form 5472?
Yes. A single-member U.S. LLC owned by a foreign person generally must file a pro forma Form 1120 with Form 5472 every year, even with no income. The IRS penalty for not filing is $25,000 per form.
My LLC had no sales. Do I still file?
Usually yes. Money you put in to form or maintain the LLC — even paying state fees — is generally a reportable transaction. We confirm your situation before filing.
I missed prior years. What now?
We can prepare the late filings. Penalties may apply, and outcomes depend on the IRS, so we review your facts first and explain your options honestly — we do not promise penalty removal.
My LLC has two or more owners. Is this the same filing?
No. A multi-member LLC is generally taxed as a partnership and has different filing requirements. We quote those after reviewing the ownership.
Formulario 5472 para LLC con dueño extranjero
Si usted vive fuera de EE.UU. y es dueño de una LLC de un solo miembro, el IRS generalmente exige el Formulario 1120 pro forma con el 5472 cada año, aunque no haya ingresos. La multa por no presentarlo es de $25,000 por formulario. Desde $500 sin actividad; $1,000 con transacciones.