Pro Forma Form 1120 with Form 5472: How the Filing Works

What the pro forma Form 1120 contains

• The LLC's name, address and EIN
• The notation required by the instructions, such as 'Foreign-owned U.S. DE' across the top
• Items such as the date incorporated and total assets where requested
• No income computation and no tax due on the 1120 itself

What Form 5472 contains

Form 5472 identifies the reporting entity, the 25% foreign owner (here, the 100% owner), the related party, and the dollar amounts of reportable transactions: contributions, distributions, loans, payments for services, rents, and amounts paid on the owner's behalf.

Filing method and deadline

The package is generally due April 15 for calendar-year LLCs, with a six-month extension available by filing Form 7004 on time. Submission methods for foreign-owned disregarded entities follow specific IRS instructions (historically by fax or mail to a designated IRS location), so the current instructions must be checked each year.

Separate obligations the owner may still have

The pro forma filing does not replace the owner's own U.S. return if the LLC earns income effectively connected with a U.S. trade or business. In that case the foreign owner may also need Form 1040-NR (individual) or Form 1120-F (foreign corporation).

Chirino USA prepares the pro forma 1120 and Form 5472 package each year and coordinates any related owner-level returns.

Sources and official references

• IRS — Instructions for Form 5472
• IRS — Treas. Reg. §1.6038A-1 (foreign-owned disregarded entities)