Foreign-Owned LLC Tax Compliance Services
Ongoing U.S. tax compliance for foreign-owned LLCs already formed. Form 5472, 1065 partnership returns, effectively connected income analysis, and IRS resolution for delinquent filings.
Tax compliance for entities already in place
Troy Accounting handles the ongoing U.S. tax compliance side of foreign-owned LLCs. We do not perform the actual entity formation. For LLC formation, EIN application by foreign individuals, and BOI reporting, we recommend working with a dedicated formation service or business law counsel. Once your entity exists, we take over the recurring tax work.
Missed Form 5472 filings carry $25,000 penalties per occurrence
A foreign-owned single-member LLC is disregarded for tax but treated as a corporation for one specific compliance purpose: Form 5472. Most foreign business owners are not told this at formation. Missing the form triggers a $25,000 minimum penalty per occurrence. The compliance is mechanical when handled correctly.
- Annual Form 5472 plus pro forma Form 1120 for foreign-owned single-member LLCs
- Form 1065 partnership returns plus K-1s for foreign-owned multi-member LLCs
- Effectively connected income (ECI) analysis for U.S. trade or business activity
- Treaty-based return positions and Form 8833 disclosure
- State tax obligations for foreign-owned U.S. LLCs
- Delinquent filing remediation with reasonable cause statements
- Coordination with formation services and immigration / tax attorneys
From inquiry to ongoing compliance
Schedule a Consultation
A 30-minute consultation to assess your entity, prior filings, and current exposure.
Receive a Proposal
A written proposal covering scope, timeline, and a transparent flat-fee engagement.
Engage and Onboard
We file delinquent returns where required, set up ongoing compliance, and become your U.S. tax partner.
FAQ
Do I need to file even if my LLC had no income?
If you are the foreign owner of a single-member LLC and there were reportable transactions between you and the LLC during the year, yes. Form 5472 is required even if the LLC had no operating income.
I missed Form 5472 last year, what now?
We prepare and file the delinquent return with a reasonable cause statement. Penalty abatement is not guaranteed but is meaningfully more likely with proper procedural handling.
Do you form the LLC for me?
No. We do not perform entity formation. For LLC formation services we recommend working with a dedicated formation service. Once your LLC exists, we handle the ongoing tax compliance.
Do you handle non-U.S. tax compliance?
No. We handle the U.S. side. For non-U.S. compliance we coordinate with international tax partners.