Foreign Owned LLC Tax Filing Service for Non-Resident Owners

We cover the federal information return for a US LLC that has one foreign owner and has not elected corporate tax treatment.

• Form 5472, reporting the year's transactions between the LLC and you or other related parties
• The pro forma Form 1120 that Form 5472 is attached to
• A Part V supporting statement, and a reasonable-cause statement for each late year
• Qualified-accountant review, online signing, fax to the IRS Ogden PIN Unit and the timestamped receipt

We also offer EIN applications for LLCs that do not have one yet, and ITIN application support for individuals with a federal tax reason to need one.

By default a single-member LLC is disregarded for US income tax. A special rule changes that for one purpose. Under Treas. Reg. §301.7701-2(c)(2)(vi), an LLC with one foreign owner is treated as a corporation for section 6038A reporting.

The result:

• The LLC reports transactions with its owner on Form 5472, even with no income.
• Money you put in, money you take out and LLC bills you pay personally can all be reportable.
• Missing a required Form 5472 can mean a $25,000 penalty for each year under IRC §6038A(d).

The LLC uses the same tax year as its owner uses for US filing or, if the owner has none, the calendar year. The filing is due by the 15th day of the 4th month after the tax year ends: April 15 for a calendar year. It cannot be e-filed; it goes to the IRS by fax or mail.

It fits if:

• the LLC has a single owner who is not a US person,
• the LLC has not elected to be taxed as a corporation, and
• you want the federal information return prepared and sent for you.

It does not fit if:

• the LLC has two or more members. It is a partnership by default and files Form 1065, which we do not prepare.
• the LLC elected corporate treatment. It files a full Form 1120 that computes tax, which we do not prepare.
• the owner is a US person. The foreign-owned rule does not apply.

• That Form 5472 is your only obligation. If the LLC earns US business income, the owner may have a personal US return, such as Form 1040-NR. We do not prepare it and cannot tell you whether you need one.
• That state obligations are covered. Annual reports and franchise taxes are set by each state. The LLC annual fees by state table lists them for ten states; filing them is not part of this service.
• That your figures are complete. We use the totals you give us. We do not keep the LLC's books.
• A penalty outcome for late years. The IRS decides reasonable cause case by case.
• Tax advice. For planning, speak to a tax professional.

Services sold to non-resident LLC owners vary a lot in scope. Compare them on what is actually done:

• Is the pro forma 1120 included, or only Form 5472?
• Who submits the package to the IRS, and what proof do you receive?
• Does a qualified person review it before you sign?
• Are late years handled with a statement for each year?
• Are state reports, a registered agent and bookkeeping included, and do you need them?

An all-in-one compliance subscription suits some owners. Others already have a registered agent and only need the federal filing; a per-filing service fits them. The free compliance calendar lists your federal and state dates either way.

Each filing year is a one-time fee. No subscription.

• Standard: $149, ready in 5-7 business days
• Express: $199, ready within 3 business days
• Each additional past year: +$99

See the pricing page for everything included.