Does Tax and Compliance cover Form 5472 and pro forma Form 1120?

Yes. Form 5472 and the related pro forma Form 1120 are included in the Tax and Compliance plan for foreign-owned single-member LLCs. You need to provide the transaction details needed to prepare the filing. ## When you need to file You generally need to file these forms if your U.S. LLC: - is a single-member LLC, - is at least 25% foreign-owned or wholly foreign-owned, and - is treated as a disregarded entity for tax purposes. The IRS requires Form 5472 together with a pro forma Form 1120 even if your company had zero revenue or no activity during the year. ## What Form 5472 reports Form 5472 reports transactions between your LLC and its foreign owner or other related parties. Examples include: - capital contributions - loans - distributions ## What doola needs from you To prepare these filings, doola needs: - your ownership structure to be correctly recorded, and - the details of any reportable transactions between your LLC and its owner or other related parties during the year. Missing or incomplete ownership information is a common reason a filing gets delayed, so check your plan inclusions and dashboard information before the deadline. ## Filing deadline These forms are due by the Form 1120 deadline: - April 15 for a calendar-year LLC, or - the corresponding due date for your fiscal year, - plus any extension you filed. ## How the forms are filed These forms cannot be filed electronically. They are submitted by mail or fax to the IRS unit below: ### Mail Internal Revenue Service 1973 Rulon White Blvd, M/S 6112 Attn: PIN Unit Ogden, UT 84201 ### Fax 855-887-7737 Send at 300 DPI or higher. ## Check your plan details Form 5472 and the related pro forma Form 1120 are included in the Tax and Compliance plan. Check your plan dashboard for your coverage details.