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I will prepare form 5472 and 1120 for foreign owned US llcs
ForeignOwned LLC Tax Compliance l IRS Filing Specialist
I am a dedicated professional specializing in IRS compliance and reporting for non-US residents. With years of experience in technical documentation and complex filing requirements, I help foreign-own...
About this Gig
Are you a non-US resident owning a US Single-Member LLC? Navigating IRS requirements is critical. Failure to file Form 5472 and Form 1120 correctly can result in a minimum penalty of $25,000. I am here to ensure your business stays 100% compliant and penalty-free.
What I Offer:
- Form 5472 & 1120: Professional preparation of the Information Return and Proforma filing for Foreign-Owned Disregarded Entities.
- Tax Treaty Analysis: I check if you qualify for exemptions under bilateral tax treaties to avoid double taxation.
- Reportable Transactions: Accurate disclosure of all movements of funds between the owner and the LLC.
- Compliance Review: A thorough audit of your EIN and LLC structure to ensure all data matches IRS records.
Why Choose This Gig?
- Expertise: Specialized knowledge in international tax regulations for non-residents.
- Security: Your financial data is handled with total confidentiality.
- Peace of Mind: Avoid costly IRS audits and late-filing fees with precise, timely documentation.
Legal consulting Gigs are not screened
Please note that there is no screening process for this service. We recommend that you message the freelancer and check all necessary details before placing your order. Pro freelancers in this category have gone through a vetting process. You can find more details here.
FAQ
1. Do I need to file even if my LLC had zero income or was dormant?
Yes. The IRS requires foreign-owned single-member LLCs to file Form 5472 and a pro-forma 1120 even if there was no activity, no revenue, and no US-source income. Failure to file can result in a minimum penalty of $25,000.
2. What is a "Pro-forma" Form 1120?
Since a single-member LLC is "disregarded" for tax purposes, it doesn't file a full corporate return. Instead, we use the first page of Form 1120 as a "cover sheet" for your Form 5472. I will prepare this correctly with the required "Foreign-owned U.S. DE" notation.
