Form 5472 filing
Form 5472 for your foreign-owned LLC, filed on time.
We prepare Form 5472 and the pro forma Form 1120 from your bank records, send them to the IRS the way its instructions require and keep your proof of filing. If prior years were missed, we bring them into compliance. Fully remote, in English and Spanish.
30-minute initial consultation, free and with no obligation
- Enrolled Agent
- Unlimited practice rights before the IRS
- English and Spanish
- Certified QuickBooks Online ProAdvisor
- Clients nationwide
- Fixed fees agreed in writing
When this service is needed
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01
You never filed Form 5472, or you are not sure
The IRS can assess $25,000 for each Form 5472 that is not filed, filed late or filed incomplete. If the form is still missing 90 days after an IRS notice, an additional $25,000 can be assessed for each 30-day period, and the tax year generally stays open for review.
How we solve it: we review every year since your LLC was formed and file what is missing.
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02
Your LLC had no income this year
The form is required for each year with a reportable transaction between the LLC and its owner or another related party, such as money you put in, money you took out or formation costs you paid, even with no income.
How we solve it: we identify each reportable transaction from your bank statements and report the correct totals.
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03
You are not sure how to send it
For a foreign-owned single-member LLC, the IRS instructions call for Form 5472 attached to a pro forma Form 1120 marked "Foreign-owned U.S. DE", sent by fax or by mail.
How we solve it: we prepare the complete package, send it as the current instructions require and keep the confirmation for your records.
Postponing a tax obligation has a measurable cost.
These are penalties the IRS applies. In most cases, acting before the deadline is the most economical option.
5%
Failure to file
Of the unpaid tax, for each month the return is late, up to 25%.
0.5%
Failure to pay
Of the unpaid tax, per month, up to 25%, plus interest that accrues daily.
$25,000
Missing Form 5472
Per form, per year, for foreign-owned U.S. companies with reportable transactions, even with no income.
What's included
This is the usual scope of the service. The final scope is defined in writing according to your case.
Review of your transactions
We go through your bank statements and identify every reportable transaction with you or a related party.
Form 5472 and pro forma 1120
Prepared with your information and the totals by type of transaction.
Extension when you need it
Form 7004 by April 15 moves the deadline to October 15.
Filing and proof of filing
Sent the way the IRS instructions require, with a copy and confirmation for your records.
Missed prior years
We file the missing years and review whether you can request penalty relief. The IRS decides each request.
EIN and ITIN help
If your LLC has no EIN, we help you request it with Form SS-4; if you need an ITIN, with Form W-7.
You only pay for what you need
We design the service around your situation and sign it in writing: scope, price and deadlines, with no fine print.
A clear process from the first call
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1
Free video assessment (30 minutes)
We review your LLC, the years since it was formed and the money that moved between you and the company.
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2
Written proposal and checklist
A fixed fee and the documents to send, all online.
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3
Filing and annual reminder
You sign electronically, we send the forms and remind you before the next April 15.
Questions about this service
If your question is not here, write to us and we will answer it in English or Spanish.
Ask on WhatsAppDo I have to file Form 5472 if my LLC had no income?
Usually yes. If the LLC has a foreign owner and there were transactions with the owner, such as money to open the company or pay its expenses, the form is normally required. We review it with you.
How much does it cost?
It depends on how many years need to be filed and how many transactions there were. You receive a written proposal with a fixed fee before any work begins.
Can I file it myself?
Yes. The IRS does not require a professional. Many owners prefer an Enrolled Agent because an incomplete form can carry the same $25,000 penalty as a missing one.
I missed prior years. What now?
Contact us soon. We file the missing years and review whether you can request penalty relief for reasonable cause. The IRS decides each request.
Do I need to travel to the U.S. or have a Social Security number?
No. Everything is done remotely, and your LLC uses its own EIN.
Speak with an Enrolled Agent before your next deadline.
Choose the channel that suits you best.
30-minute initial consultation, free and with no obligation
- No cost or obligation. You pay nothing until you approve a written proposal.
- Concrete answers. By the end of the consultation you will know what you need to file and by when.
- Timely attention. We contact you within one business day, in English or Spanish.
- 1Your details
- 2We call you
Thanks, ! We received your details.
A member of our team will call you within one business day to understand your situation and schedule your free 30-minute consultation with an Enrolled Agent.
- We'll call you from (407) 684-2173 or (385) 224-3798. Save both numbers so you recognize our call.
- Make the most of the call: have your last tax return and any IRS letter you received at hand.
Chat with us on WhatsApp
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