Foreign-owned single-member LLC: do I need Form 5472?
Non-U.S. resident, 100% owner of a Mississippi single-member LLC (disregarded; no election). Tax year 2025: $0 revenue, no U.S. bank account; I paid startup/dev/software/compliance costs personally. Do I need Form 5472 + pro-forma 1120? If yes, what counts as reportable transactions, what records do you need, what’s the deadline/should I file Form 7004, and what changes once I start Stripe revenue or open a U.S. bank?
Quick Answer:
Yes, you need to file Form 5472 and a pro-forma Form 1120. A single-member LLC owned by a foreign person, even with no revenue,
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
