How to File Form 1040-NR for a Nonresident Owner of a Disregarded LLC
This example covers how to prepare Form 1040-NR for a nonresident owner of a US LLC that has effectively connected income with a US trade or business.
How to File Form 5472 for a Foreign-Owned Disregarded LLC
This example covers a tutorial on how to prepare IRS Form 5472 for a Foreign Owned Disregarded LLC that is engaged in a U.S. trade or business and has effectively connected income (ECI).
How to File IRS Form 5472 for an Investment Entity
The Form 5472 is filed with a proforma Form 1120 when a single-member disregarded LLC has a non-U.S. owner. This tutorial covers an example where the non-U.S. owner uses the LLC as an investment entity.
How to File Form 1120 with a Form 5472 for a Foreign-Owned US Corporation
A U.S. corporation with non-U.S. ownership must file a Form 1120 corporate income tax return each year. In addition, it also must file Form 5472 if the corporation had any reportable transactions.
IRS Form 5472 Cost Sharing Arrangements
Form 5472 is filed by a U.S. corporation when its has foreign ownership or transactions with foreign related parties. Any cost sharing arrangements between the U.S. corporation and foreign party must be disclosed on the Form 5472.
How to File IRS Form 5472 for a Foreign-Owned Disregarded LLC
Form 5472 is a required filing for any domestic LLC that is a disregarded entity and is owned by a non-U.S. person or entity. This article and video tutorial covers the filing requirements and sample Form 5472 with a proforma Form 1120.
What are Reportable Transactions on IRS Form 5472
The IRS Form 5472 is used to disclose non-U.S. ownership and reportable transactions with foreign parties. This article and video discuss what types of reportable transactions need to be disclosed on Form 5472.
Non-US Owner of a Delaware Corporation – What Filings are Required?
Delaware corporations have generally no restrictions on who can be a shareholder. In the event a nonresident owns stock in a Delaware corporation, the corporation has some additional filing requirements which are outlined in this article and video.
IRS Penalties on Late Filed International Forms
The IRS will often impose penalties if certain tax forms are filed late or never filed at all. Some of the highest penalties apply to forms related to foreign income and assets.