Foreign-owned U.S. LLCs and certain U.S. corporations are required to file IRS information returns even if they had no income or business activity during the year. The most critical of these are Form 1120 (U.S. Corporation Income Tax Return – pro forma) and Form 5472 (Information Return of a 25% Foreign-Owned U.S. Corporation or Foreign Corporation Engaged in a U.S. Trade or Business). These filings are not optional. Failure to file or filing incorrectly can result in automatic IRS penalties starting at $25,000 per year, per entity, with no tax-due threshold. Our Information Return Filing Service ensures foreign-owned U.S. entities meet strict disclosure requirements imposed by the Internal Revenue Service, protecting owners from severe penalties and long-term compliance risk.
We analyze ownership structure and identify all reportable transactions between the U.S. entity and foreign owners or related parties.
We prepare and file the required Form 1120 (as a reporting shell) and Form 5472, ensuring full accuracy and disclosure.
You receive proof of filing and guidance on maintaining compliance in future years to avoid repeat penalties.
Who must file Forms 1120 and 5472?
Foreign-owned U.S. single-member LLCs and certain U.S. corporations with 25% or more foreign ownership must file.
Do I need to file even if my LLC had no income or activity?
Yes. Zero income does NOT eliminate the filing requirement.
What is considered a “reportable transaction”?
Capital contributions, expenses paid by owners, reimbursements, loans, or any financial interaction with a foreign related party.
What are the penalties for not filing Form 5472?
The IRS imposes a minimum $25,000 penalty per year, which can increase if non-compliance continues.
Can you help with late or missed Form 5472 filings?
Yes. We assist with back-year filings and penalty mitigation strategies where applicable.
If you’re not sure which plan fits your situation, start with the structured intake below. We’ll review your details and guide you to the cleanest compliance path.