How to file a form 5472 Extension for Foreign Owned Single Member LLCs

How to file a form 5472 Extension for Foreign Owned Single Member LLCs

Hello youtube! Today we are going to talk about form 5472. I´m going to show you how to file this form extension for foreign owned single member LLCs, it is a short video so watch till the end and leave your questions in the comments!

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Do you want to learn how to open and operate a Tax Free Company in the USA even if you live outside the US and don’t have a visa.

Already have an LLC? Did you already complete form 5472 for your company? Did you know there is a $25,000 penalty for not doing this form? I’ve made a short training that explains exactly what you need to do and why so you can get this done quickly and correctly, the first time around.

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Looking for help with your SALES TAXES? Check out a couple of our videos on the topic -

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Lawyer Disclaimer (Occupational Hazard): This is not legal advice. Everything here is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney for advice regarding any particular issue or problem.

[AlanOlivera-lmkk]

Hi James, thanks from Brazil. Life saver!

[Umar_USA]

I was reading through some of the articles and as per my understanding, only corporations should file the form 7004 whereas the single member LLCs treated as disregarded entities report taxes on foreign owner's individual tax return form 1040-NR. Corrent me please if I am wrong. Thanks

[RuthsHidalgo]

If two of the founders are foreigners and need to fill Form 5472 each, does the F 7004 covers the extension for both of them?

[Antonio-wuyd]

Y DE DOS MIEMBROS foreign ? Es parecido ? Puedo mandar por e-file o sólo fax o correo?

[jose-oqhy]

Thank you, how do we know it has been well received?

[miguelmileo-usa]

I interpreted that if you made an extension for 1120, it included the 5472 extension too. It is right?