Expert Tax Services for
Foreign Founders
Comprehensive tax compliance solutions designed specifically for foreign-owned US businesses and nonresident aliens.
Form 1120 & 5472
Corporate Tax Return & Foreign Shareholder Disclosure
The cornerstone of US tax compliance for foreign-owned single-member LLCs. Form 5472 is required for reporting transactions between a foreign-owned US disregarded entity and its foreign owner, while the pro-forma Form 1120 serves as the cover sheet for this filing.
What's Included:
- Complete Form 1120 & 5472 preparation
- Foreign owner information reporting
- Forms prepared in professional tax software
- IRS e-filing submission/fax confirmation
- Confirmation of acceptance
- General questions response
- Notice Guidance
1What is Form 5472?
Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business, is used to report transactions between a reporting corporation and a foreign or domestic related party.
2Who Needs to File?
Any foreign-owned single-member LLC that is treated as a disregarded entity for US tax purposes must file Form 5472 along with a pro-forma Form 1120. This applies even if the LLC had no income or business activity.
3Filing Deadline
The filing deadline is April 15th for calendar year filers, or the 15th day of the 4th month following the close of the tax year for fiscal year filers. Extensions are available.
4Penalties for Non-Filing
The penalty for failure to file Form 5472 is $25,000 per form, per year. Additional penalties may apply for continued non-compliance after IRS notification.
Form 1040-NR
Nonresident Alien Income Tax Return
Form 1040-NR is the US income tax return for nonresident aliens who have US-source income or are engaged in a trade or business in the United States. This form ensures you meet your US tax obligations while claiming applicable treaty benefits.
What's Included:
- Complete Form 1040-NR preparation
- Forms prepared in professional tax software
- Schedule C with less than $100K in revenue and no fixed assets
- Tax treaty benefit optimization
- Schedule OI preparation
- Electronic filing (If ITIN present)
- Confirmation of acceptance (If ITIN present)
1What is Form 1040-NR?
Form 1040-NR is used by nonresident aliens to report US-source income and calculate their US tax liability. It's similar to Form 1040 used by US citizens but includes specific provisions for nonresidents.
2Who Needs to File?
Nonresident aliens who earned income from US sources, were engaged in a US trade or business, or have other US tax filing obligations must file Form 1040-NR. This includes those with FDAP income (Fixed, Determinable, Annual, Periodical).
3Tax Treaty Benefits
Many countries have tax treaties with the US that may reduce or eliminate US tax on certain types of income. We ensure you claim all applicable treaty benefits to minimize your tax liability.
4Filing Deadline
If you received wages subject to US withholding, the deadline is April 15th. If you didn't receive such wages, you have until June 15th to file. Extensions are available.
ITIN Application
Individual Taxpayer Identification Number
An ITIN (Individual Taxpayer Identification Number) is a tax processing number issued by the IRS for individuals who are required to have a US taxpayer identification number but don't qualify for a Social Security Number.
What's Included:
- Form W-7 preparation
- Document review & guidance
- Certifying Acceptance Agent services
- Passport certification
- Application submission to IRS
- Status tracking & updates
- Support until ITIN is issued
1What is an ITIN?
An ITIN is a 9-digit number issued by the IRS to individuals who need a US tax identification number but aren't eligible for a Social Security Number. It's used solely for tax processing purposes.
2Who Needs an ITIN?
Nonresident aliens who need to file a US tax return, dependents or spouses of US citizens/residents, and nonresident aliens claiming tax treaty benefits may need an ITIN.
3Application Process
ITIN applications require Form W-7, supporting documentation (such as a passport), and a federal tax return. We handle the entire process, including document certification through IRS-authorized Certifying Acceptance Agents.
4Processing Time
Standard processing takes 7-11 weeks. We offer expedited processing options and keep you informed throughout the application process.
Frequently Asked Questions
Find answers to common questions about our tax filing services.
Form 1120-5472 refers to Form 5472 filed together with a pro-forma Form 1120.
It is an information-only filing required for certain foreign-owned U.S. entities, mainly single-member LLCs treated as disregarded entities, to report transactions with their foreign owner or other related parties.
No income tax is calculated or paid with this filing.
You must file if all of the following apply:
- The LLC is U.S.-registered
- The LLC has at least one foreign owner (25% or more)
- The LLC is treated as a disregarded entity for tax purposes
- The LLC had any reportable transaction with its foreign owner or related party during the year
Maybe — it depends on transactions, not income.
You must file if there were any reportable transactions, such as:
- Capital contributions from the foreign owner
- Owner paying LLC expenses (legal fees, formation costs, registered agent fees)
- Reimbursements or distributions
You generally do NOT need to file if the LLC had absolutely no reportable transactions at all during the tax year.
A reportable transaction includes any exchange of money, property, or value between the LLC and a foreign owner or related party, including:
- Capital contributions
- Loans or loan repayments
- Management fees
- Expense payments on behalf of the LLC
- Distributions to the owner
Even small or one-time payments can trigger the filing requirement.
Failure to file can result in:
- $25,000 penalty per year, per entity
- Additional penalties if the failure continues after IRS notice
These penalties apply even if the LLC had no income and owes no tax.