US Company

Form 5472 Filing for Foreign-Owned Single-Member LLCs

Form 5472 is not an income-tax bill. It is the IRS form that reports transactions between a foreign-owned US disregarded LLC and its owner. Skip it, file it late, or file it empty, and the statute starts at $25,000 per form, per year. We prepare the 5472 with a pro forma Form 1120 and send it the way the instructions require.

Get a Form 5472 quote Call (901) 401-0039

An information return, not a payment voucher

A foreign-owned single-member LLC that is disregarded for income tax still has a reporting duty when there are reportable transactions with you or another related foreign party. Capital you put in, money you took out, loans, and many “informal” transfers count. Zero customer revenue does not cancel the form. Scriplit’s published federal SMLLC filing starts at $249 per year. Multi-member companies use a different set — see US tax filing.

How it is sent

Foreign-owned disregarded entities do not e-file this package the way a domestic corporation e-files Form 1120. The return is completed, labeled as the instructions require, and sent by mail or fax to the IRS unit named in the current Form 5472 instructions. We follow that packet. We do not invent an online portal that is not there.

Who this is for

Single-member, foreign owner

The default non-resident LLC. This is the 5472 + pro forma 1120 pair.

Dormant company

You opened a bank, wired $500, and never sold anything. That year can still be a filing year.

Missed a prior year

We prepare delinquent packets and a reasonable-cause statement when the facts support one. No promise that a penalty disappears.

Formed somewhere else

You do not have to be a Scriplit formation client.

What you get

Both forms together

5472 attached to the pro forma 1120, with the disregarded-entity notation the instructions call for.

Related-party transactions listed

Contributions, distributions, and loans — not a blank form hoping nobody looks.

Published price

$249 per year for a straightforward single-member federal packet. Written quote if the year is messy.

Deadline watch

April 15, with Form 7004 if you need the extension. We say the date; we do not invent extra months.

How the process works

  1. 1

    Confirm classification

    Single-member disregarded versus partnership. The wrong packet is a wasted filing.

  2. 2

    List reportable transactions

    Bank statements and your own transfers. “I do not remember” is how forms go incomplete.

  3. 3

    Prepare 5472 and pro forma 1120

    Identity, EIN, and the related-party schedule filled in.

  4. 4

    File by the instructed method

    Mail or fax to the unit in the current instructions. You get copies of what went out.

What we need from you

  • EIN letter and formation documents.
  • Owner name, country, and address as they should appear on the form.
  • A record of money and property that moved between you and the LLC.
  • Prior-year returns if we are cleaning up a gap.

Read this before you start

  • The $25,000 figure is the statutory penalty in the Code for a missing or incomplete 5472 — already stated on our tax-filing page. Extra amounts can apply after IRS notice. We do not control abatement.
  • E-file is not the path for this foreign-owned disregarded package.
  • A multi-member LLC is usually Form 1065, not this pair.

Common mistakes

“No income, no filing”

The form is about related-party transactions, not about whether Shopify had a sale.

Filing 5472 with no 1120 cover

The instructions pair them. A loose 5472 is not the packet.

Guessing transaction totals

Incomplete or inaccurate information is in the same penalty family as no filing.

Waiting for an IRS love letter

The duty exists whether or not a notice has arrived.

FAQ

Often yes, if you had reportable transactions with the company — including the money you used to open the bank account. We look at the year before we say skip.

The statute starts at $25,000 per form, per year, and can grow after notice. That is public law, not a Scriplit slogan. Relief is possible in some cases. It is not automatic.

For a calendar-year SMLLC, generally April 15, extendable with a timely Form 7004. Confirm the year-end if you chose another.

The LLC files under its EIN. You need an ITIN if you personally must file a US return. Most disregarded owners with no ECI do not file 1040-NR just because they filed 5472.

Yes. That is a cleanup quote, not the $249 current-year price, until we see how many years and how empty the records are.

Scriplit LLC is a Wyoming company that helps non-residents form US LLCs and prepare US information and tax filings. We are not a CPA firm or a law firm. This page is general information, not advice for your facts. Home-country tax, treaties, and your actual activity can change the result.

Related

Next steps on Scriplit

US Tax Filing Form 5472, partnership returns, state reports, and cleanup for years you already missed.
US Tax Compliance Federal information returns, state annual reports, and the reminders so a quiet company does not go void.
EIN Application Get an Employer Identification Number without an SSN. Form SS-4 is filed by fax or mail. The letter is what banks ask for.
Bookkeeping A ledger we can file from — quoted after we see the bank activity. Not a full-time controller.

If the LLC existed last year, the 5472 question is already live

Send the Articles, EIN letter, and a list of money that moved between you and the company. We quote the year before we start.

Get a Form 5472 quote Call (901) 401-0039

Related academy guides

These pages explain the work behind this service. They are educational — not invented case studies.

US LLC Annual Filings: What “Good Standing” Usually Involves Maintaining a Foreign-Owned US LLC: Records, Filings, and Common Gaps