Late Form 5472 + pro forma 1120 for foreign-owned SMLLC (3 years) + reasonable cause

@madhurna

Greetings! I am qualified accountant with more than ten years of experience in filing IRS tax forms individual, C corp, S Corp and LLC. Please message me to discuss further details. Thank you.

@simplifitax

Having specialized in tax compliance and law for the past 9 years, I am not just a Chartered Accountant and ACA qualified professional, but also someone who can understand the complexities of your unique situation. I have extensive experience assisting startups and growing businesses with their financial needs, including LLC financial statement preparation, budgeting, strategic finance, and so forth. With me, you get a well-rounded expertise that takes into account various aspects related to your project. In terms of handling late filings for Form 5472 for foreign-owned single-member LLCs, I have worked on numerous cases similar to yours. In fact, I have personally managed more than 20 Form 5472 filings for foreign-owned single-member LLCs, out of which nearly half involved a reasonable cause / penalty abatement request. So not only am I familiar with the extent of work it entails to complete these forms but also with the strength and nature of reasonable cause arguments that need to be put forth. Considering your case in detail leads me to conclude that there are fairly strong chances of receiving penalty abatement from the IRS. Given your voluntary disclosure prior to any IRS contact, lack of any US activity or income, along with our meticulous approach to filing and providing a fortified reasonable cause argument - the probability is genuinely high.

@logi985

I am Logeswari, an IRS-certified tax preparer with 15+ years of experience providing accurate, compliant, and timely tax solutions for individuals and businesses across the United States. *My Expertise Includes:* - *Individual Tax Preparation:* Personalized support for W-2 earners, freelancers, and investors. - *Business Tax Returns:* Specialized in filing for: - C-Corporations - S-Corporations - Partnerships - Foreign-Owned U.S. Corporations: Expert guidance for international clients navigating U.S. tax obligations. I stay current with the latest IRS regulations and tax codes to optimize and ensure compliance for every return. Whether you're a solo entrepreneur, a growing business, or a foreign investor, I offer tailored tax strategies that protect your interests and maximize your returns. *Why Work with Me?* - 15+ years of hands-on experience - Deep understanding of complex tax structures - Affordable, transparent pricing - Commitment to accuracy, confidentiality, and client satisfaction I look forward to working on your project and providing accurate services at a competitive rate.

@swatijain5558

With my extensive experience in US tax compliance for foreign-owned entities, I understand the urgency of filing Form 5472 and pro forma Form 1120 for your LLC. My previous work includes handling similar cases efficiently and ensuring compliance with IRS regulations. Could you provide more details on any specific transactions or activities during the overdue tax years that we need to address in the filings? Regards, CA. Swati Jain, CPA

@nNamanrRathi

Please read my proposal carefully. I am a Chartered Accountant with over 8 years of experience in US compliance, including Form 5472 and Form 1120. Based on my experience, the IRS rarely issues a notice for late filing in these cases, although you may have heard about the $25,000 penalty, which is generally associated with C Corporation returns filed on Form 1120. Since single member LLCs are pass through entities and generally do not have a US tax liability when there is no US ECI, the situation is different. Honestly, if we submit a Reasonable Cause letter with the first filing, there are chances that the IRS may not issue a penalty. Otherwise, what I generally do is file the return first, and if we receive any penalty notice, we can request abatement through the IRS. I have filed more than 1,000 Form 5472 filings and around 100 delayed returns as well. I will e fax the forms, and you will receive valid e fax confirmation. However, you will not receive an IRS acceptance confirmation for Form 5472 because it is not e filed. In a nutshell, if I say it simply, don't worry too much about the penalty. Based on my experience with these cases, I can assist you properly, although no one can guarantee the IRS decision. For all 3 years, I will charge $80 per year, totaling $240, including e fax submission. I am confident that I can assist you better with this case. Let's discuss this further.

@Talha101

I am a U.S.-licensed CPA with extensive experience in U.S. international tax compliance, including foreign-owned single-member LLCs, Form 5472, pro forma Form 1120, delinquent filings, and IRS penalty-abatement matters. I have handled numerous foreign-owned SMLLC Form 5472 filings and reasonable-cause cases, including situations involving multiple overdue tax years. Based on the facts provided, your case appears to have reasonable grounds for penalty abatement, particularly given the absence of U.S. income or business activity, limited entity activity, and voluntary correction before IRS contact. I would prepare and submit Form 5472 and pro forma Form 1120 for 2023, 2024, and 2025, together with a separate, fact-specific reasonable-cause statement for each year. The statements would focus on the circumstances surrounding the missed filings, lack of intentional noncompliance, limited activity, and voluntary effort to bring the LLC into compliance. Deliverables include: * Three years of Form 5472 and pro forma Form 1120 * Reasonable-cause/penalty-abatement statements * IRS submission and transmission evidence * Final signed copies of all filings * Going-forward annual compliance guidance I would be pleased to handle this as a complete, fixed-fee Form 5472 delinquent filing and penalty-abatement engagement.

@GuruDesigner33

Hi there! I’m an experienced U.S. tax professional specializing in foreign-owned single-member LLC compliance, including Form 5472 and pro forma Form 1120 filings. I can prepare and submit all three overdue years (2023–2025), draft strong reasonable-cause statements for penalty abatement, provide submission proof and signed copies, and prepare a brief memo covering future annual compliance. I can also explain my specific Form 5472 experience, required documents, filing approach, timeline, and fixed fee before we proceed. I’m ready to review the non-confidential details and get started.

@deltalogic17

Hello I’m an IRS PTIN holder and experienced U.S. tax preparer with hands-on experience in foreign-owned SMLLCs, Form 5472, and pro forma Form 1120 filings. I have handled 8 foreign-owned SMLLC Form 5472 cases. I will be transparent that I cannot guarantee IRS penalty abatement; however, your facts provide reasonable-cause arguments worth pursuing.

@hemel558366

As an accomplished tax accountant with a strong focus on financial analysis and tax preparation, I believe I possess the necessary expertise to proficiently handle your tax filing needs. Although I am not a licensed CPA or an Enrolled Agent (EA), I have completed my post-graduate degree in accountancy and have practical experience along with a proven track record of successfully identifying and rectifying potential tax errors, ultimately saving significant amounts of money for my clients. I approach every case with meticulous attention to detail, which is absolutely crucial when dealing with complex tax filing situations such as yours. In regards to your specific project needs, it's important to note that although I haven't handled Form 5472 late filings or foreign-owned single-member LLCs specifically, I have extensive experience in financial reporting and tax preparation across different scenarios. Moreover, my ability to quickly adapt, learn, and analyze complex situations would greatly contribute to the successful completion of your case.