Resources and guides for foreign-owned LLC tax compliance
Foreign-owned single-member LLCs often owe $0 US income tax — even with US clients — but the IRS still requires annual reporting. Learn how "US-sourced" income is determined and when your LLC must file.
Filing Form 5472 and its pro-forma 1120 is mandatory for foreign-owned US LLCs — even with zero income. Get a simple step-by-step walkthrough and key deadlines for 2026 IRS compliance.
The IRS penalty for not filing Form 5472 starts at $25,000. Learn who must file, why foreign-owned LLCs miss this requirement, and how to stay compliant.
Form 5472 may be required even if your LLC had no income or operations. Learn when you must file and why "no activity" often does not mean "no filing."
The 2026 filing deadline, how to extend with Form 7004, and the correct way to file Form 5472 + pro forma Form 1120 to avoid the $25,000 penalty.
Learn what counts as a reportable transaction (and what does not) for Form 5472, where it’s reported on the form, and how the pro forma Form 1120 fits in.
A complete guide to understanding Form 5472, who needs to file it, and why the IRS requires this information return.
Understanding tax requirements for foreign-owned single-member LLCs, including Form 5472 filing obligations.
Learn about Form 5472 penalties, including the $25,000 penalty for non-compliance and how to avoid them.
Learn about Pro Forma Form 1120, when it's required with Form 5472, and how to file it correctly.
Understanding when foreign owners of U.S. LLCs need to file U.S. tax returns and what forms are required.