Dormand 2025 foreign-owned LLC: File Forms 5472 and 1120
Question regarding Form 5472 and pro-forma Form 1120 filing requirement? Y o N? I have a foreign-owned single-member LLC formed in Wyoming in 2025. The entity obtained an EIN but has remained completely dormant: No bank account was opened, No income was generated, No U.S. expenses were paid, No capital contribution was formally made The only costs related to formation (state filing, registered agent, EIN service) were paid directly by the foreign owner from a personal bank account outside UUEE.
Quick Answer:
Yes.
A foreign-owned U.S. disregarded entity, such as your Wyoming SMLLC with an EIN, is required to file Form 5472, *Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business*. This form must be attached to a pro-forma Form 1120 (U.S. Corporation Income Tax Return).
This requirement applies even if the entity is completely dormant, has no bank account, no income, no expenses, and no capital contributions. The existence of the entity and its foreign ownership trigger the reporting obligation.
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
