Edetax Automates Form 5472 and Pro-Forma 1120 Filings for Foreign-Owned U.S. LLCs

Most foreign LLC owners only discover Form 5472 after they get penalized for it. We built Edetax so the filing takes minutes instead of an accountant retainer, with the form structured exactly the way the IRS expects it.

Edetax, a software platform for U.S. tax form preparation, today announced the availability of its tool for non-U.S. owners of U.S. single-member LLCs who must file Form 5472 together with a pro-forma Form 1120 each year.

Since 2017, foreign-owned U.S. single-member LLCs treated as disregarded entities have been required to file Form 5472 to report transactions with their foreign owner and related parties. The requirement applies even when the LLC has no income or activity. Missing the filing, or submitting it late, triggers a penalty of $25,000 per form.

Many foreign founders form a U.S. LLC to access payment processors, marketplaces, or U.S. customers without realizing the annual reporting obligation attached to it. Professional preparation of these forms is often priced as a full accounting engagement, which is disproportionate for an entity that may be dormant or have only a handful of reportable transactions.

Edetax addresses this gap with guided software. The user answers a structured set of questions about the LLC, its foreign owner, and the year’s reportable transactions, and Edetax generates a completed Form 5472 and the accompanying pro-forma Form 1120, formatted and labeled according to IRS instructions for disregarded entities. The platform handles common scenarios including zero-activity years, capital contributions, and reimbursements between the owner and the LLC.

Edetax is a software product. It does not provide tax, legal, or accounting advice and is not a CPA firm. Users with questions about their specific tax situation are directed to a qualified tax professional.

The platform is available now at edetax.com.

About Edetax

Edetax is a software platform that automates the preparation of Form 5472 and pro-forma Form 1120 for foreign-owned U.S. single-member LLCs. The company’s focus is making a narrow, high-penalty compliance task fast and self-service for founders who operate U.S. entities from outside the United States. Edetax provides software only and does not offer tax, legal, or accounting advice.

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