Federal Tax Support & Compliance
Complete US federal tax compliance for foreign-owned LLCs. Expert preparation for IRS Form 5472, Form 1120, and annual information returns.
Comprehensive Service Overview
United States federal tax compliance is mandatory for all foreign-owned companies, regardless of whether the business generated revenue or operated at a loss. Under Section 6038A of the Internal Revenue Code, any foreign-owned single-member LLC (25% or greater foreign ownership) is classified as a reporting corporation and must submit IRS Form 5472 along with a pro-forma Form 1120 annually.
Failing to file Form 5472 or filing an inaccurate return triggers an automatic statutory penalty of $25,000 per missing year. NexFyla's specialized tax compliance team prepares and files your annual federal information returns accurately, protecting your entity from severe penalties and maintaining pristine corporate good standing.
What's Included in This Service
- Complete preparation and professional filing of IRS Form 5472 (Information Return of a 25% Foreign-Owned U.S. Corporation).
- Accurate drafting of pro-forma IRS Form 1120 attached to satisfy foreign single-member LLC reporting requirements.
- Reporting of reportable transactions between the LLC and foreign related parties (capital contributions, distributions, loans).
- Official IRS e-filing or certified fax transmission confirmation receipt provided for your permanent records.
- Audit support and response guidance in the event of automated IRS compliance inquiries or verification requests.
How the Process Works: Step-by-Step
- Step 1: Annual Financial Intake: You submit basic annual transaction summaries, capital injection records, and foreign owner details through our secure portal.
- Step 2: Tax Specialist Review: Our cross-border compliance team analyzes reportable transactions and prepares Forms 5472 and pro-forma 1120.
- Step 3: Draft Verification & Client Sign-Off: You review the prepared tax return and provide digital authorization via our secure electronic signature portal.
- Step 4: IRS Filing & Confirmation: We submit your return directly to the IRS and upload the official submission confirmation receipt to your document vault.
Frequently Asked Questions
Do foreign single-member LLCs have to file US taxes?
Yes. Foreign-owned single-member LLCs must file IRS Form 5472 and pro-forma Form 1120 annually to avoid steep penalties ($25,000+).
What is the filing deadline?
The annual filing deadline is generally April 15th for calendar-year entities.
Related Corporate & Tax Services
- IRS EIN Acquisition Assistance: Federal Tax ID required to file annual tax returns with the IRS.
- IRS ITIN Application Service: Individual tax identification for foreign founders filing U.S. returns.
- Articles of Amendment Service: Update ownership records before submitting annual tax filings.
- U.S. Company Formation: Form your company with proper initial tax classification.
Ready to Get Started?
NexFyla provides institutional legal quality with transparent, flat pricing and dedicated human compliance support. View all formation pricing or book a free 30-minute consultation today.