Form 5472 & Pro Forma 1120 for Foreign-Owned LLCs
Annual information return for single-member LLCs owned by non-US persons
- 1CollectBank and owner transactions gathered.
- 2Prepare5472 and pro forma 1120 drafted.
- 3FileSubmitted with proof by the deadline.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Form 5472 & Pro Forma 1120 for Foreign-Owned LLCs
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
A US single-member LLC owned by a foreign person is treated as a corporation for Form 5472 purposes and must file Form 5472 attached to a pro forma Form 1120 every year, reporting transactions with its foreign owner and related parties — including capital contributions, loans and distributions — even if the LLC had no income. It is due on 15 April (extendable with Form 7004), and the penalty for not filing is $25,000 per form.
Most foreign founders don't learn about Form 5472 until a penalty notice arrives. The return isn't e-filed in the usual way, so a filing process and proof of submission matter.
We prepare the pro forma 1120 and 5472 each year from your bank records, keep the required books, and file extensions where needed.
| Who | Foreign-owned US single-member LLCs |
|---|---|
| Form | 5472 + pro forma 1120 |
| Due | 15 April (Form 7004 extension available) |
| Penalty | $25,000 per form per year |
| Reportable | Contributions, loans, distributions, payments with related parties |
Work that the law requires a US enrolled agent or CPA to sign or represent is delivered through Indus Tax's partner professionals; our team prepares the records, coordinates the filing and stays your single point of contact.
Who this is for
Common scenarios where this service is a good fit.
- Indian founders with US LLCs
- Freelancers who formed US LLCs for payments
- E-commerce sellers with US LLCs
What you get
Clear deliverables so you know exactly what's included.
- Transaction analysis
- 5472 and pro forma 1120
- Extensions
- Recordkeeping
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Bank and owner transactions gathered.
5472 and pro forma 1120 drafted.
Submitted with proof by the deadline.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- Fixed quote on WhatsApp after a short look at your facts and documents.
- Work that legally needs a US enrolled agent or CPA is signed by a partner professional; we coordinate it end to end.
- Government fees, if any, are paid at actuals and shown separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
- CA reads your case before the call
- DTAA, property, capital gains covered
- Written summary + checklist after
- Fee adjustable if you engage us
Frequently asked questions
Answers to the most common questions we get.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
