Form 5472 Filing Service for Foreign-Owned US LLCs

Everything below is in both plans. The plans differ only in turnaround.

• Form 5472, completed for a foreign-owned disregarded entity
• The pro forma Form 1120 cover, marked "Foreign-owned U.S. DE" as the instructions require
• A Part V supporting statement listing the year's reportable transactions
• A cover letter, plus a reasonable-cause statement for each late year
• Review by a qualified accountant before you sign
• Fax delivery to the IRS Ogden PIN Unit
• The timestamped fax receipt, stored on your filing page
• A reminder in the second week of January for next year's filing

1. Questionnaire. You answer guided questions about the LLC, the foreign owner and the year's money movements. It takes about 15 minutes.
2. Package generated. After payment we generate the cover letter, pro forma Form 1120, Form 5472 and Part V supporting statement as one PDF.
3. Accountant review. A qualified accountant checks the package against your answers. If something needs clarifying, we message you on your filing page.
4. Online signature. Signing opens only after the review is approved. You sign once in your browser and the signature is placed in each required box.
5. Fax to the IRS. We fax the signed package to the IRS Ogden PIN Unit at +1-855-887-7737.
6. Fax receipt. You get the timestamped transmission receipt on your filing page. It is proof of what was sent and when, not an IRS acceptance notice.

A foreign-owned disregarded entity cannot e-file this package. It goes to the IRS by fax or mail, which is why fax delivery is part of the service rather than an extra.

Have these to hand. Nothing else is needed, and no accounting software is involved.

• The LLC: its name, EIN, US address, state and date of formation
• The owner: name, address, country of residence and foreign tax ID
• The year's money movements: capital you put in, distributions you took out, loans either way, and LLC costs you paid personally
• Year-end total assets: what the LLC held on the last day of the tax year

If any amounts were in another currency, the IRS yearly average exchange rates table converts them to US dollars.

• Not tax advice. We prepare and submit forms from the information you provide. You remain responsible for its accuracy.
• Not an IRS acceptance notice. The fax receipt shows what was sent and when. It does not show that the IRS has processed the return.
• Not a penalty waiver. If a year is already late, nobody can promise the IRS will not assess the $25,000 penalty under IRC §6038A(d).
• Not every return. We do not prepare Form 1065 for multi-member LLCs, a full Form 1120 for an LLC taxed as a corporation, Form 1040-NR, state returns or Form 7004 extensions. We do not do bookkeeping.

There are three common routes. Each can be the right one.

• Doing it yourself. The IRS forms are free. You complete Form 5472 and the pro forma 1120, sign them, and send them by fax or mail. Our free reportable transactions checker and deadline calculator help either way.
• An accounting firm. Useful when you also need income-tax returns, bookkeeping or advice on your situation. Ask for a written quote and a list of what is included.
• A formation-company add-on. Some formation providers sell a tax package. Check whether it covers the pro forma 1120 and who submits it.

Whichever you choose, ask four questions. Who reviews the package? Who sends it to the IRS? What record do you get afterwards? How are late years handled?

Two plans, same filing:

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

Fax delivery and the accountant review are included in both. See the pricing page for the full list, or start the questionnaire now.