Foreign Owned Wyoming and Delaware LLC yearly Federal Compliance 2025

IRS Yearly Compliance for Foreign-Owned U.S. Single-Member LLCs  (Applies to Wyoming, Delaware, and other states)

Who Needs to File?

If you own a U.S. LLC as a non-resident foreigner, you must submit Form 1120 Pro Forma and Form 5472 to the IRS each year.  

Form 1120 Pro Forma

This form reports basic company details:  

- Company name  

- Address  

- EIN  

- Tax year  

- Date of formation  

- Total assets (as of December 31, 2024)  

What We Need From You: 

If we formed your LLC:

- Only your total assets and your signature.  

If we did not form your LLC: 

- Company name, address, EIN, tax year, date of formation, total assets, and your signature. 

What Counts as "Total Asset”? 

Total assets include the money in all company bank accounts on December 31, 2024, plus any other assets the company held on that date.  

Form 5472

This form reports financial transactions between your LLC and related parties.  

Who is a Related Party?  

A Related Party is any person or entity that has a significant connection to the LLC.

The IRS defines related parties broadly, including:  

- The LLC owner (you)

- Family members of the owner, such as:  

  - Spouse  

  - Parents  

  - Children  

  - Siblings  

  - Grandparents  

  - Grandchildren  

- Other businesses the owner controls, including:  

  - Companies where the owner owns more than 50%  

  - Subsidiaries of the LLC  

  - Parent or holding companies  

- Business partners who share control over decision-making  

- Trusts or foundations where the owner has a significant interest  

If your LLC has had transactions with any of these parties, these transactions and information on the related parties must be reported.  

What Transactions Must Be Reported?

Monetary Transactions (January 1 – December 31, 2024): 

- Payments between the LLC and the owner or related parties  

- Sales and purchases of goods or property  

- Rent, royalties, service fees, and commissions  

- Loans, interest, and insurance payments  

- Any other financial transactions  

We report all transactions between the LLC and the Related Party, whether incoming to or outgoing from the LLC

What we need from you:

Provide the total amount for each type of transaction (for example, the total salary paid in a year, or the total amount paid in Distribution or Professional Services, etc. not each individual payment). You describe the transactions, and we classify them.  

Non-Monetary Transactions:

- If applicable, provide details (e.g., royalty-free licenses).  

Company Formation Costs (For new LLCs):  

- The amount paid to form the company must be reported in the first year.  

- If we formed your LLC, we handle this.  

Owner & Related Party Information Required to be Reported

Owner’s Information:  

- Full name and address  

- Foreign tax ID (if any)  

- Country of business operations  

- Citizenship  

- Countries where the owner files tax returns  

Related Party Information:  

- Full name and address  

- Foreign tax ID (if any)  

- Citizenship  

- Countries where they file tax returns  

- Business activity  

- Relationship to the LLC (owner, family member, subsidiary, etc.)  

CONTACT US SO WE PROVIDE YOU OUR FORM LINK TO COLLECT THE ABOVE MENTIONED INFORMATION

Need Help?

We handle everything for you—just provide the requested information, and we’ll take care of the filing.  

We will send you a form to collect the informaton on the Company, Owner, and Related Parties. The list of transactions between the related parties to be reported can be sent to us using your most convenient method.

Pricing:

1-    If the LLC has only transactions with one related party: US$350.

2-    If the LLC has transactions with more than 1 related party, we charge an extra US$150 per related party. This is because we must send an extra form 5472 per each related party.

® Jean Franco Fernandez Clark.