A single foreign-owned LLC triggers a federal information return the day it is funded. Miss it and the penalty is $25,000. We handle the whole filing.
→Check what your company owes5472 · 1120 · 1065 · 1120-S · 5471 · K-1 · K-2 · K-3
Registering a US LLC from abroad takes minutes. The part that does not get mentioned is Form 5472, attached to a pro forma Form 1120, required every year for a foreign-owned single-member LLC, whether or not the company earned a dollar. Even opening the bank account counts as a reportable transaction. The penalty for missing it is $25,000 per form, and it applies to companies that never traded. The full story is in our guide to the zero-revenue filing, and the form itself is walked through part by part in Form 5472 instructions, in plain English.
The pro forma corporate return and the information return, filed on time, with your reportable transactions reported correctly.
Multi-member LLCs and partnerships, with the Schedule K-1s each owner needs, plus K-2 and K-3 where foreign partners are involved.
C corporation and S corporation returns, including the year an S election starts or ends.
When a US person owns a foreign corporation, the reporting that comes with it.
When it is time to wind a company down, the final returns and the steps to close it properly at the state and federal level.
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Entity type, owners, formation date, and whether the company has an EIN yet.
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Which forms, which deadlines, and whether anything is already late.
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You approve the scope and price before we prepare anything.
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And we set up the record so next year is routine.
The forms with the harshest penalties are the ones generalist preparers avoid. They are our normal week.
Founders who own a US LLC or corporation from abroad and want the federal side handled properly.
Foreign-owned single-member LLCs where the filing was never made, in some cases for several years.
Multi-member LLCs and partnerships whose owners sit across borders, with the K-1, K-2 and K-3 work that follows.
People who need their 5471 prepared rather than hoped over.
Anyone closing a company who wants it closed correctly rather than simply abandoned.
The forms with the harshest penalties, 5472 and 5471, are exactly the ones generalist preparers avoid and we handle every season. The practice pairs Alina Prykhodko, an IRS Enrolled Agent federally licensed to represent taxpayers before the IRS, with Julia Buinaya, a QuickBooks Online ProAdvisor who prepares corporate and partnership returns including 1120, 1120-S, 1065, 5471, and 5472.
Next step
We will tell you which forms apply and what it costs. No jargon, no obligation. Being years behind is a normal conversation here, not a confession.