Learn about federal and state tax requirements for non-resident owners of US companies.
Non-resident LLC owners have specific tax obligations that must be met annually to stay compliant with the IRS.
All foreign-owned single-member LLCs must file Form 5472 (Information Return of a 25% Foreign-Owned US Corporation) along with a pro-forma Form 1120. Penalty for late filing is $25,000.
If you have foreign bank accounts with a combined balance exceeding $10,000 at any point during the year, you must file an FBAR report.
Requirements vary by state. Wyoming and Delaware have no state income tax for out-of-state LLCs. States like California require an $800 annual franchise tax regardless of income.
Rafael & Co offers comprehensive tax filing services starting at $399, including preparation of all required forms, state filings, and ongoing compliance support.
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