Form 5472 & pro forma 1120
Annual information returns for foreign-owned single-member LLCs, filed on time.
We handle:
Form 5472 + pro forma 11201040-NREIN without an SSNITIN applicationsFBARState filings
The problem
The company is formed. The filings are not.
Most problems start a year after formation, when the first US filing deadline arrives.
- 01
A missed Form 5472
A foreign-owned single-member LLC files Form 5472 with a pro forma Form 1120 every year, even with no income. Penalties for a missed form start at $25,000.
- 02
No SSN, no easy EIN
Getting an EIN, opening a bank account and applying for an ITIN all take longer without a US tax number.
- 03
Federal and state rules overlap
Nonresident returns, state registration, franchise tax and BOI rules depend on facts that change.
Why it breaks
The tax answer should drive the entity answer — formation mistakes are costly to unwind.
How NexusWorks fixes it
One coordinated system for foreign-owned US companies.
One CPA-led team for formation, annual filings and IRS correspondence.
Nonresident returns
Form 1040-NR for non-US owners with US-source income, plus state returns.
EIN & ITIN applications
EINs for owners without an SSN; ITIN applications prepared for submission.
State & BOI compliance
Registered agent, annual reports, franchise-tax calendar and a BOI status check for every entity.
Services
The services foreign-owned US companies use most.
Each one is delivered by the same coordinated team, on one set of numbers.
Company Formation
Entity choice, state filing, EIN and a first-year compliance calendar — see the Global Founder package.
Tax Filing & Compliance
Form 5472, pro forma 1120, 1040-NR, 1120 and state returns, signed by a licensed CPA.
Tax Planning & Strategy
Treaty, withholding and entity planning before you sell, hire or raise.
Bookkeeping Services
Books in QuickBooks Online that support your US returns.
The outcome
What changes when finance is coordinated.
Form 5472 filed on time every year
A US EIN and bank-ready documents
A clear federal and state calendar
IRS notices answered by a CPA
How we start
From assessment to ongoing advisory.
The same structured method we use across every industry, tailored to how foreign-owned US companies operate.
- STEP 01
Assess
We analyze your financial structure, reporting flow and decision gaps.
- STEP 02
Strategize
Tax and reporting strategy aligned with real operations and entity structure.
- STEP 03
Align systems
Bookkeeping, tax and advisory connected into one workflow.
- STEP 04
Optimize
Quarterly reviews and ongoing advisory as the business changes.
FAQ
Questions from foreign-owned US companies.
Yes. It files Form 5472 with a pro forma Form 1120 every year, even if it had no US income. Penalties for missing the form are significant.
Yes. The IRS issues EINs to non-US owners through Form SS-4. We prepare and submit the application for you.
We prepare ITIN applications for submission. NexusWorks is not an IRS Certifying Acceptance Agent.
Under FinCEN’s August 2026 final rule, US-formed companies — including US LLCs owned by foreign founders — are exempt. Only entities formed under foreign law and registered in a US state must report. The rule has changed several times, so we confirm the status for each entity.
Free financial assessment
Keep your US company compliant from day one.
Tell us how your business runs today. We'll show you where the gaps are and whether NexusWorks is the right fit.
Or book a 15-min call