Have a simple supported filing? GatewayBase can prepare your Form 1120 + 5472 packet. Complex cases should go to a qualified tax professional.
You do not always need a CPA to prepare a simple Form 5472 filing, but some foreign-owned LLC owners absolutely should get professional help.
The right answer depends on your company type, ownership, transactions, US activity, and comfort with filing responsibilities.
This article is general education, not tax advice. GatewayBase provides document preparation and filing workflow software. We are not a law firm, CPA firm, or tax advisor.
When GatewayBase may be enough
GatewayBase is built for the supported foreign-owned US disregarded-entity path, typically a single-member LLC owned by a foreign person.
- You have one foreign owner.
- The LLC has an EIN.
- The LLC has not elected corporate tax treatment.
- You mainly need to report owner transactions such as contributions, loans, owner-paid expenses, and distributions.
- You want a ready-to-sign packet and filing proof workflow.
When to use a CPA or tax advisor
- The LLC has more than one member.
- The LLC elected to be taxed as a corporation.
- You have US trade or business questions.
- You have payroll, employees, inventory, or large complex transactions.
- The owner is another company or trust.
- You received an IRS notice or penalty.
- You need advice, not just document preparation.
Software vs advice
Software can help prepare forms from the facts you provide. Advice tells you how the tax law applies to your specific situation.
GatewayBase is document preparation and workflow software. It can make a simple supported filing easier, but it does not give legal or tax advice.
How GatewayBase helps
GatewayBase asks plain-language questions, checks missing fields, builds a pro forma Form 1120 + Form 5472 packet, and stores filing proof. Start at Form 1120 + 5472 filing.
FAQ
Can I file Form 5472 myself?
Some owners can prepare a simple filing themselves or use software. Complex facts should go to a qualified tax professional.
Does GatewayBase give tax advice?
No. GatewayBase provides document preparation and filing workflow software.
Should I use a CPA if I got an IRS notice?
Often yes. Notices and penalties can involve response strategy, reasonable cause, and deadlines.
What if my LLC has two owners?
A multi-member LLC is outside the simple single-member disregarded entity path and should be reviewed by a tax professional.