Globalization Guide

Tax Compliance

Stay Compliant with US Tax Requirements

We help foreign-owned LLCs meet their annual IRS filing obligations with Form 5472, Pro Forma 1120, and BOI Report compliance.

Form 5472 + 1120 Filing

$325

Per tax year

Foreign-owned single-member LLCs must file Form 5472 with a Pro Forma 1120 annually with the IRS. We handle the preparation and filing.

  • ✓ Form 5472 preparation
  • ✓ Pro Forma 1120 preparation
  • ✓ IRS e-filing
  • ✓ Filing confirmation
File Form 5472 →

BOI Report Filing

$99

One-time filing

The Beneficial Ownership Information (BOI) report is required by FinCEN for most US companies. We prepare and file your BOI report accurately.

  • ✓ BOI report preparation
  • ✓ FinCEN filing
  • ✓ Compliance confirmation
  • ✓ Update reminders
File BOI Report →

Understanding Form 5472

If you're a non-US person who owns a US LLC, you're required to file Form 5472 with the IRS every year. This form reports transactions between your LLC and its foreign owner.

Who Must File?

  • Single-member LLCs owned by a non-US person
  • Multi-member LLCs with at least one foreign owner
  • US corporations with 25%+ foreign ownership

What Transactions Are Reported?

  • Capital contributions
  • Distributions/withdrawals
  • Loans between owner and LLC
  • Any payments between related parties

Deadline & Penalties

Form 5472 is due by April 15 (or the extended deadline) for calendar-year LLCs. The penalty for late or incomplete filing is $25,000 per form — one of the harshest penalties in the tax code.

BOI Report Requirements

The Corporate Transparency Act requires most US companies to file a Beneficial Ownership Information (BOI) report with FinCEN. This is a one-time filing (with updates if ownership changes).

Deadlines

  • Existing companies (before 2024): Must file by January 1, 2025
  • New companies (2024): Must file within 90 days of formation
  • New companies (2025+): Must file within 30 days of formation

What's Reported?

You'll need to provide information about each beneficial owner (anyone with 25%+ ownership or substantial control): full legal name, date of birth, address, and ID document.