What is in the $99 packet?

A pro forma Form 1120 for the right year, pre-filled and marked "Foreign-owned U.S. DE"; Form 5472 with Parts I to V and VII filled; a Part V statement of contributions and distributions; a fax cover sheet with the page count and the mailing address; and an answer sheet with a filing checklist.

Which LLCs is it for?

A single-member LLC owned by one foreign person and treated as a disregarded entity. It is not for multi-member LLCs (they file Form 1065), LLCs that elected to be taxed as a corporation, or a foreign corporation’s own return.

The pro forma 1120 with Form 5472 cannot be e-filed. Fax or mail it to the IRS by April 15, or by October 15 if you filed Form 7004 for an extension. The packet prints the fax number and address.

I never filed for past years. What now?

The Catch-up packet ($199) builds every past year and adds a reasonable cause statement. The penalty is $25,000 per form per year, so catching up before the IRS writes to you matters.

Form 5472 wizard

For a U.S. LLC with one foreign owner. Fifteen minutes from bank statements to forms you can sign and fax. Your draft stays in this browser.

Tax yearCompany type

Owner is a foreign person

YesNoNot sure

The LLC elected to be taxed as a corporation (Form 8832 or 2553)Did the LLC also deal with another company you (or your family) own?

LLC legal nameEINFrom the IRS EIN letter (CP 575). A foreign-owned LLC must have one to file.Date formedU.S. street address (registered agent address is fine)Suite / unitCityStateZIPState of formationTotal assets at year end (USD)Usually the LLC bank balance on December 31 plus anything else it owns. Line 1c.Principal business activityDescribe the activity in a few wordsActivity codeSix digits from the Form 1120 instructions code list.Countries where the LLC mainly does business

This is the first year the LLC files (initial return)The LLC was dissolved this year (final return)Name changed since last filingAddress changed since last filing

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What you get

Sample Form 5472 packet: filing guide, fax cover sheet and the pre-filled Form 5472 — Sample packet with made-up data. Yours is filled with your own answers.

Questions before you start

What is in the $99 packet?: A pro forma Form 1120 for the right year, pre-filled and marked "Foreign-owned U.S. DE"; Form 5472 with Parts I to V and VII filled; a Part V statement of contributions and distributions; a fax cover sheet with the page count and the mailing address; and an answer sheet with a filing checklist.
Which LLCs is it for?: A single-member LLC owned by one foreign person and treated as a disregarded entity. It is not for multi-member LLCs (they file Form 1065), LLCs that elected to be taxed as a corporation, or a foreign corporation’s own return.
How do I file it?: The pro forma 1120 with Form 5472 cannot be e-filed. Fax or mail it to the IRS by April 15, or by October 15 if you filed Form 7004 for an extension. The packet prints the fax number and address.
I never filed for past years. What now?: The Catch-up packet ($199) builds every past year and adds a reasonable cause statement. The penalty is $25,000 per form per year, so catching up before the IRS writes to you matters.

Want a CPA to check it before you file?

We are adding an optional review by a licensed CPA for this packet. Tell us you are interested and we will email you when it opens. Nothing is charged.