FAQ
Common Questions
Everything you need to know about IRS requirements, deadlines, and our automated filing process.
What is Form 5472?
Form 5472 is an IRS information return that reports transactions between a foreign owner and their US entity. Foreign-owned single-member LLCs file it alongside a Pro Forma 1120.
Who must file Form 5472?
Foreign-owned single-member US LLCs commonly need to file even when there were no sales or only limited activity. If your ownership structure, entity stack, or transaction flow is more complex, our Intelligent Screener will tell you to use a CPA instead.
How to file Form 5472?
Start with our intelligent screener to ensure your LLC qualifies. Then, securely input your entity and foreign owner details (EIN, FTIN), connect your bank via Plaid to auto-map your ledger, and generate your filing package. You can finish in minutes and optionally transmit it directly to the IRS, skipping the 10-day CPA wait.
What are reportable transactions for Form 5472?
Common reportable transactions include capital contributions, owner draws, reimbursements, loans, and payments between the LLC and its foreign owner or related party. Our Intelligent Screener filters out complex cases before checkout so simple filings stay fast and accurate.
When is Form 5472 due?
For most calendar-year foreign-owned LLCs, Form 5472 and Pro Forma 1120 are due on April 15. If you need more time, you can generate a free Form 7004 extension and move the filing deadline to October 15.