Form 5472 and 1120 checklist for foreign-owned U.S. LLCs

If you want the filing process to move quickly, treat it like a collection project. The IRS forms are the output. The real work is gathering clean inputs and checking them before you sign or fax anything.

Core company information

• Legal company name exactly as registered
• EIN
• Street address, room or suite, city, state, and ZIP code
• Date and country of incorporation
• Principal business activity and 6-digit NAICS code

Owner and related-party information

• Owner full legal name
• Street address, city, province or state, postal code, and country
• Country of tax residence and country of citizenship or incorporation
• U.S. identifying number, if any
• Foreign tax identification number, if any

Amounts and statements

• Total income and owner-paid business expenses
• Capital contributions and distributions
• Loans between owner and LLC, if any
• Services, commissions, royalties, interest, and other transaction amounts
• Generated Part V and Part VI statements ready to append to the PDF

Before sending the PDF

1. Review every field for spelling, numbers, and transaction totals.
2. Preview the generated PDF and confirm the appended statements are present.
3. Capture the signature cleanly and verify its placement on the signed PDF.
4. Download the final baked PDF and retain a copy for your records.
5. Follow the IRS filing instructions before faxing or otherwise sending the package.