Blog
Form 5472 articles
Plain-language explanations of the rules that apply to foreign-owned US LLCs — what has to be filed, when it is due, and what the IRS penalties actually are.
· 5 min read
Form 5472 Filing Checklist for Foreign-Owned US LLCs
Everything a foreign-owned single-member LLC needs before filing Form 5472 with a pro forma Form 1120: EIN, formation details, owner data, and transaction records.
· 6 min read
What Counts as a Reportable Transaction on Form 5472?
Contributions, distributions, loans, and payments made on behalf of the LLC are commonly overlooked reportable transactions. Here is how to recognise them.
· 5 min read
Pro Forma Form 1120: Why a Disregarded LLC Still Files
A foreign-owned single-member LLC pays no US income tax as a disregarded entity, yet still files a pro forma Form 1120 as the carrier for Form 5472.
· 6 min read
Late or Unfiled Form 5472: What to Do Next
A missing Form 5472 carries a $25,000 penalty per form. What late filing means, how continuation penalties work, and how reasonable cause is considered.
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