Non-US founders with US LLCs may owe IRS Form 5472, and a free checker lists required filings

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A developer built a free browser-based tool, filingchecker.com, to help non-US residents who own single-member US LLCs determine their filing obligations. The IRS generally requires Form 5472 with a pro forma 1120 annually whenever money moved between the owner and the company, even if only a formation fee was paid, and the form can only be filed by fax or mail. Missing the filing carries a penalty of $25,000 per form per year. The tool asks about owners, state, formation year and money movements to list federal and state filings with due dates and fines, and the article notes an April IRS legal memo suggesting reasonable cause relief may be granted to small companies that missed the deadline unknowingly and file promptly. The developer stresses the tool is not tax advice and recommends consulting a professional for multiple missed years.

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