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#form-5472
3 guides
US LLCs
US LLCs
Single-member vs multi-member LLC for non-residents
The IRS taxes a one-owner LLC and a two-owner LLC completely differently. Here's what changes for foreign owners — filings, banking, and when to add a partner.
The Taxly team · · 5 min read
Tax filing
Tax filing
US LLC taxes for non-residents, explained
A foreign-owned US LLC doesn't automatically owe US tax — it turns on whether you have effectively connected income. Here's the real mechanism.
The Taxly team · · 5 min read
Tax filing
Tax filing
Form 5472 — what foreign-owned US LLCs must file
If a non-US person owns a US LLC, the IRS wants Form 5472 and a pro-forma 1120 every year. Miss it and the penalty starts at $25,000. Here's the plain version.
The Taxly team · · 1 min read
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