April 15 deadline: Foreign-owned LLC? File Form 5472 before the IRS penalty kicks in. → File now for $325

Globalization Guide Globalization Guide

Tax Planning

Tax Planning for International Entrepreneurs

Understand how taxes work when you live and do business across borders.

Tax Compliance for US LLCs

If you own a US LLC as a non-resident, you have specific tax obligations—even if you don't owe any US income tax.

Form 5472

Foreign-owned single-member LLCs must file Form 5472 with a Pro Forma 1120 annually with the IRS. This informational return reports transactions between the LLC and its foreign owner.

Deadline: April 15 (with automatic extensions available)
Penalty for not filing: $25,000 per form

We offer Form 5472 filing services →

State Taxes

State tax obligations depend on where your LLC is formed and where it does business. Most single-member LLCs in Wyoming, Delaware, and New Mexico have minimal state tax obligations.

Disclaimer

This information is for educational purposes only and does not constitute tax advice. Consult a qualified tax professional for advice specific to your situation.