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This Form 5472 checklist is for foreign-owned single-member US LLC owners who want to prepare before starting the filing.
The exact filing depends on your facts, but most simple supported filings need company details, owner details, related-party details, transaction records, signature, and filing proof.
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.
Company information
- Legal LLC name exactly as formed.
- EIN.
- US address or mailing address.
- State of formation.
- Tax year start and end date.
- Whether the LLC is a single-member foreign-owned disregarded entity.
Owner and related-party information
- Foreign owner legal name.
- Foreign owner address.
- Country of tax residence.
- Foreign tax ID, if available.
- Relationship between the owner and LLC.
- Any other related party that had transactions with the LLC.
Transaction records
- Capital contributions.
- Owner loans.
- Loan repayments.
- Distributions or withdrawals.
- Formation costs paid by the owner.
- Registered agent, software, ads, contractors, or other costs paid personally by the owner.
Documents to save
- Formation documents.
- EIN letter.
- Bank statements.
- Receipts and invoices.
- Signed filing packet.
- Fax confirmation or other proof of filing.
How GatewayBase helps
GatewayBase saves your progress, checks for missing required fields, generates the packet, and stores filing proof in your file vault.
Start here: Form 1120 + 5472 filing.
FAQ
Do I need an EIN?
Yes. Your LLC needs an EIN before completing the Form 1120 + 5472 filing.
Do I need bank statements if there was no bank account?
No bank account means no LLC bank statements, but you should still gather owner-paid expense records and formation records.
Should I keep proof after filing?
Yes. Keep the signed packet and proof that it was sent.
Can this checklist replace professional advice?
No. Use it to prepare records, but get professional advice for complex facts.