Own a U.S. LLC abroad? File Form 5472 free with MyFreeTaxAmerica. Prepare your forms online, review your information, then download and submit.
Start Your Free Form 5472 FilingForm 5472 is an IRS information return used to report certain transactions involving a foreign-owned U.S. business and its foreign owner or other related parties. For a foreign-owned single-member LLC, transactions can include contributions, distributions, loans, and certain payments or expenses involving the owner or related parties.
This filing can be easy to overlook. Many international entrepreneurs form a U.S. LLC for e-commerce, consulting, marketing, real estate, or other business activities and assume that having little or no U.S. income means there is nothing to report. That is not always the case. The filing requirement can depend on the transactions and structure of the business.
Our platform is designed to make the preparation process easier to understand. You answer guided questions about your LLC, ownership, and transactions, and the system generates your Form 5472 and pro forma Form 1120.
This service is designed primarily for foreign-owned U.S. single-member LLCs that need to prepare Form 5472. You may be a good fit if you:
Your specific filing obligations depend on your entity structure and circumstances. If your situation is complex or falls outside the standard cases supported by our platform, consider speaking with a qualified tax professional before filing.
Not sure when your filing is due? Check the Form 5472 filing deadline for details, or explore our pricing options.
Setting up your LLC? Compare Wyoming vs. Delaware and New Mexico for non-residents, or if you use Stripe Atlas, see the Stripe Atlas LLC filing requirement nobody told you about.
When you use MyFreeTaxAmerica, you do not need to start with a blank IRS form and try to figure out every field yourself. The platform guides you through the information needed for the filing.
The questionnaire walks you through your LLC information, ownership details, and relevant transactions. You can answer straightforward questions instead of working through the IRS form line by line.
After completing the questionnaire, the system generates your Form 5472 for review. This gives you a ready-to-review document based on the information you provided.
The platform also generates the pro forma Form 1120 that accompanies the Form 5472 filing for the applicable foreign-owned disregarded entity situation.
The system checks your entries as you work through the questionnaire and flags potential inconsistencies or common errors. This can help you catch issues before moving forward.
Free users receive instructions for reviewing, signing, and submitting their completed documents. The free service is designed for people who want to handle the final submission themselves.
Answer a guided questionnaire about your LLC, its foreign owner, and any reportable transactions from the tax year.
MyFreeTaxAmerica uses your answers to generate a completed Form 5472 and pro forma Form 1120.
Free users can review the forms themselves using the built-in error checks. Premium users also get a professional review before anything is submitted.
Free filers download their forms and submit them to the IRS independently, guided by step-by-step instructions. Premium filers have MyFreeTaxAmerica submit the return to the IRS via e-fax.
Premium filers receive confirmation once the IRS e-fax submission is complete, giving you a clear record of your filing.
MyFreeTaxAmerica was built specifically around the needs of foreign business owners dealing with U.S. tax compliance. The platform is operated by a U.S. CPA with more than a decade of international tax experience.
You also have a choice of how much help you want.
If you are comfortable reviewing and submitting your own forms, the self-filing option costs $0 per filing. If you want another level of support, the Premium Package is available for $149 per filing and includes professional review, IRS e-fax submission with confirmation, email support, reasonable-cause letter assistance for late filers, and IRS audit assistance.
File it yourself if you are comfortable. Get professional support when you need it.
| Free Self-Filing | Premium Filing |
|---|---|
| $0 per filing | $149 per filing |
| Completed Form 5472 | Everything in Free |
| Pro forma Form 1120 | Professional review |
| Step-by-step instructions | IRS e-fax submission |
| Built-in error checking | Filing confirmation |
| You submit the forms | Email support |
| DIY process | Additional support |
The free option is a practical choice if you want to prepare and submit your own filing. Premium is designed for customers who prefer professional reviews and additional assistance.
Prepare your Form 5472 online for free with MyFreeTaxAmerica. Review, download, and submit your forms yourself, or choose Premium support.
Start Your Free FilingYes. MyFreeTaxAmerica provides free software that guides you through the preparation of Form 5472 and the applicable pro forma Form 1120.
You can prepare your Form 5472 online for free through MyFreeTaxAmerica. The completed forms can then be downloaded and submitted according to IRS filing requirements. Standard online e-filing is not currently available for the applicable foreign-owned disregarded entity filing.
The guided questionnaire is designed to be completed in a relatively short session (within 15 to 30 minutes). The actual time depends on your LLC structure, records, and transactions.
Not necessarily. The free option is designed for eligible users who want to prepare and submit their own filing. More complicated situations may benefit from professional assistance.
You can upgrade to the $149 Premium Package for professional review and additional filing support.
Late filing can involve significant penalties. MyFreeTaxAmerica offers Premium support that includes a reasonable-cause letter for late filers, where applicable. Your specific situation may require professional assistance.