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Form 5472 Walkthrough: File for a Foreign-Owned LLC

80-second video walkthrough

Form 5472 guided walkthrough with AI transaction sorting · 80 seconds

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Current guided filing fee: $49.99. Prices in the recording may be older.

In this video

Watch an 80-second Form 5472 walkthrough with demo data: who files, the April 15 deadline, the guided form and how our AI sorts bank transactions. Not tax advice.

  1. 0:00Do you need Form 5472?
  2. 0:17Due date and Form 7004
  3. 0:23The $25,000 penalty
  4. 0:27Start the guided form
  5. 0:43Owner and related parties
  6. 0:54AI categorizes transactions
  7. 1:02Confirm, sign and review
  8. 1:14Next steps

Transcript

0:00Own a U.S. LLC from abroad? You probably have to file Form 5472 every year, even with no income.

0:07If you're the foreign owner of a single-member LLC, your LLC files Form 5472 with a pro forma Form 1120.

0:17It's due April 15. Form 7004 extends it to October 15.

0:23Missing it can cost twenty-five thousand dollars per form, per year.

0:27Here's the guided flow on SingleFax, using demo data.

0:31Start with your business, the tax period, and an upload of your business bank CSV.

0:37Answer a few deadline questions, then add the company details: Sample Demo LLC.

0:43Add the foreign owner. Here, Alex Demo owns one hundred percent.

0:49List every related person or company, and the names they show up under on your bank statement.

0:54Then let our specialized AI agent read each transaction. It suggests a category and who the payment was with.

1:02Anything unclear becomes a simple question, like who was this payment with? You confirm, the totals land on the right lines, and you sign in the browser. An admin reviews the package before it's faxed to the IRS.

1:14Start at singlefax.com/file-5472.

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