Tax Compliance Service
Form 5472 Filing for Foreign-Owned LLCs
If you own a US LLC and you're not a US person, Form 5472 is required every year. $325/year — I handle the preparation and filing so you stay compliant.
By Chris Natterer · Last updated April 1, 2026
All-Inclusive Package
$325
Per tax year · Includes Pro Forma 1120
- ✓ Form 5472 Preparation — Accurate reporting of all related-party transactions
- ✓ Pro Forma 1120 — Required companion form for disregarded entities
- ✓ IRS Filing — We submit everything directly to the IRS
- ✓ Filing Confirmation — You receive proof of submission
- ✓ Deadline Reminders — We'll notify you when it's time to file
Questions? Book a consultation
What Is Form 5472?
Form 5472 is an IRS information return that foreign-owned US LLCs must file every year. It reports transactions between your LLC and its foreign owner — things like capital contributions, distributions, and any payments you run through the company.
It's filed alongside a Pro Forma Form 1120, a simplified corporate return that serves as the cover sheet. Neither form is about paying tax — they're about disclosing ownership and money movement to the IRS.
Who Needs to File?
You're required to file Form 5472 if:
- You own a US LLC as a non-US person (regardless of where you live)
- Your LLC had any reportable transactions during the year — and almost any use of the LLC counts
- Your LLC was active at any point during the tax year, even if it was only open for part of the year
The IRS defines "reportable transactions" broadly. If you paid LLC formation fees, opened a bank account, received a payment, or transferred money to or from the LLC — that's reportable.
The Filing Process
- Order — Submit your order and I'll send you a short intake form
- Information — Provide your LLC details, EIN, and a summary of transactions for the year
- Preparation — I prepare Form 5472 and the Pro Forma 1120
- Review — You review the completed forms before submission
- Filing — I submit to the IRS and send you confirmation
Deadlines
Form 5472 is due by April 15 each year for calendar-year LLCs. A 6-month extension to October 15 is available and is generally granted automatically.
The penalty for a late or missing filing is $25,000 per form. There's no income threshold — even an LLC with zero revenue is subject to this penalty if the filing is missed.
Frequently Asked Questions
What if my LLC had no activity this year?
You may still need to file. If you paid any LLC formation costs or expenses through the LLC — even once — those are reportable transactions. When in doubt, file.
What is the penalty for not filing?
The IRS penalty for a late or missing Form 5472 is $25,000 per form — one of the steepest penalties in the US tax code. Extensions are available but must be requested before the deadline.
What information do I need to provide?
Your LLC name, EIN, your name and address as the foreign owner, and a summary of transactions between you and the LLC during the year (contributions, distributions, payments).
Can I request a filing extension?
Yes. An automatic 6-month extension is available (moving the deadline to October 15) and is generally granted without questions. I can file the extension request on your behalf.
Do you file for multi-year backlogs?
Yes. If you've missed prior years, each year requires a separate filing. Contact me to discuss your situation and we'll work through it together.
Written by Chris Natterer
Founder of Globalization Guide, helping international entrepreneurs form and manage US companies since 2019.