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Foreign-Owned U.S. Companies (Form 5472)
U.S. companies with a 25% foreign owner, and every foreign-owned single-member LLC, report transactions with related parties on Form 5472 each year.
What is included
- Form 5472 for each related party
- Pro forma Form 1120 for foreign-owned disregarded LLCs
- Records of loans, capital contributions and payments with the owner
- Late-filing penalty relief
- BOI and state annual report coordination
A $25,000 penalty
The penalty for not filing, or filing late, is $25,000 per form per year, so we file even when the company had little or no activity.
Common questions
My LLC made no money. Do I still file?
Yes, if it is a foreign-owned single-member LLC and had any reportable transaction with its owner — including the owner paying its formation costs.
Tell us your situation. We will tell you the fee.
A few short questions, a written quote within one business day, and a free 15-minute consultation if you would rather talk it through first.