Reportable Transactions on Form 5472 (Complete Guide)
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.
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Resources and guides for foreign-owned LLC tax compliance
What Is IRS Form 5472?
A complete guide to understanding Form 5472, who needs to file it, and why the IRS requires this information return.
Foreign-Owned Single-Member LLC Tax Requirements (Form 5472 Explained)
Understanding tax requirements for foreign-owned single-member LLCs, including Form 5472 filing obligations.
Form 5472 Penalties Explained
Learn about Form 5472 penalties, including the $25,000 penalty for non-compliance and how to avoid them.
What Is a Pro Forma Form 1120?
Learn about Pro Forma Form 1120, when it's required with Form 5472, and how to file it correctly.
Do Foreign Owners of U.S. LLCs Need to File U.S. Taxes?
Understanding when foreign owners of U.S. LLCs need to file U.S. tax returns and what forms are required.