🟢Foreign-Owned LLC Compliance

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Forms 5472 & 1120 — Don't Overlook the Entity

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When U.S. real estate involved in a FIRPTA transaction is owned through a foreign-owned U.S. LLC, the FIRPTA filing may not be the only federal reporting requirement.

 

Certain foreign-owned U.S. entities may also be required to file Form 5472 with a pro forma Form 1120, even when the entity had little or no taxable income.

 

Failure to timely file a required Form 5472 can result in a $25,000 IRS penalty per failure.

 

FIRPTA Refunds works with its affiliated company, FPG-USA, for foreign-owned entity compliance matters.

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👉 Read FPG-USA's Comprehensive Foreign-Owned Entity Compliance Guide