US Tax
What is Form 5472 and Why Foreign-Owned US LLCs Must File It
2026-05-20 · 5 min · Felistas Njihia, CPA
Form 5472 is required under IRC Section 6038A and is filed with a pro forma Form 1120.
Foreign-owned LLCs can still be required to file even when dormant or unprofitable.
The IRS penalty is mandatory and applies per form, per year.
FMC Agency handles current filing, prior-year review, and penalty abatement support.