Your foreign-owned US LLC has to file Form 5472. Draft it in about 10 minutes.

Two main groups file Form 5472. First, a US corporation that has a 25% foreign shareholder and had a reportable transaction with a foreign related party during the tax year. Second, a US limited liability company that is treated as a disregarded entity and is wholly owned, directly or indirectly, by one foreign person.

Since tax years beginning on or after 1 January 2017, that foreign-owned disregarded entity is treated as a domestic corporation separate from its owner for reporting purposes, so it must file Form 5472 attached to a pro forma Form 1120. Full explanation for single-member LLCs →

Often yes. The filing trigger is a reportable transaction with a related party, not profit. Money you put into the LLC as a capital contribution, money you take out as a distribution, a loan between you and the LLC, and amounts the LLC paid on your behalf are all reportable transactions. Many dormant LLCs still have at least one of these.

An LLC with genuinely zero transactions of any kind, including formation costs paid by the owner, may have no filing obligation, but that is an uncommon fact pattern and worth confirming with a tax professional. Read the dormant-LLC page →

The penalty under Internal Revenue Code sections 6038A and 6038C is $25,000 for each failure to file a substantially complete Form 5472 on time, applied per form and per tax year. An additional $25,000 can apply for each 30-day period, or part of a period, that the failure continues after the IRS sends notice, with no maximum stated in the statute. Criminal penalties can also apply for deliberate falsification.

How the penalty stacks, and what reasonable cause means →

Yes. The questionnaire is free and the full on-screen preview shows every line of your draft Form 5472 and pro forma Form 1120 with your own answers filled in, marked as a draft preview. Payment unlocks the clean print-ready PDF files, the plain-text export and the download-all bundle. You decide whether the document is right for you before you spend anything.

After payment, Gumroad emails you a licence key — usually within a minute. Paste it into the “Already have a licence key?” box under your preview and your downloads unlock immediately.

The key is yours to keep. It works on this browser and on your other devices, and if you ever clear your browser data you simply enter it again. No account, no password. Keep the email with your receipt.

No. This is document preparation software. It takes the answers you give and lays them out on a draft that mirrors the current IRS form, together with instructions for filing it yourself. It does not review your circumstances, does not give tax advice, and does not file anything for you. If your situation involves multiple owners, a partnership, a corporation with several foreign shareholders, transfer pricing questions or several unfiled years, a qualified US tax professional is the right choice.

No. You file the documents yourself. The tool produces the completed draft plus written instructions covering where to send it, what to attach, and what to keep. Foreign-owned disregarded entities generally cannot e-file a pro forma 1120 with Form 5472 attached and file by mail or fax to the address given in the current IRS instructions.

Each unfiled year is a separate form and a separate potential penalty. The tool can prepare a draft for each year, one at a time, by changing the tax year answer and regenerating.

Multiple late years is exactly the situation where professional help earns its fee, because how the filings are presented — and whether a reasonable-cause statement accompanies them — genuinely matters. Read about reasonable cause →

• Your entity's legal name, EIN and address
• Formation state and formation date
• The owner's full name, address and country
• Total assets at the end of the tax year
• Bank statements or a ledger showing money moving in and out