Soarx
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Due Oct 15Extended 2025 returns for US LLCs

Your US LLC Still Owes a Tax Return.

We file Form 5472 and the pro forma 1120 for non-US owners, and fix books for US businesses, for a flat-fee.

Check what your LLC owes →Get caught up, from $300 →
What are Forms 5472 and 1120? →
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You formed it from outside the US and nobody mentioned the yearly filing. It's due even with no income, and missing it costs $25,000 a year. We file it for you, every year, before the deadline.

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The problem

Why careful owners still miss it

The filing falls between the people you'd expect to mention it.

Your LLC name
c/o Registered agent
Cheyenne, WY

Notice number:
CP215
Tax form:
CVL PEN
Tax period:
Dec 31, 2023

We charged you a penalty

Failure to provide information with respect to certain foreign-owned U.S. corporations

Tax statement

Prior balance
$.00
Penalty assessment
$25,000.00
Interest charged
$.00
Other charges
$.00
Total amount you owe
$25,000.00
Example laid out like IRS notice CP215. Not a real notice.

  1. No income

    Earning nothing doesn't switch the filing off. Money you put in to form or run the LLC usually counts as a reportable transaction.

  2. The formation service

    The service that set up your LLC sold you the company. The yearly federal filing is usually a separate product, or nobody's job.

  3. The registered agent

    Agents resign or lapse. IRS letters keep going to the old address, and you never see them.

  4. No reminder

    Nothing arrives before the deadline to tell you it's coming.

Free LLC check

Find out what your LLC owes in two minutes

Answer five questions and we email you a report of the forms your LLC likely owes and when each is due.

Question 1 of 5

Where does the LLC's owner live?

General information, not tax advice. We review your facts before any work starts.

Qeihan Anderson

Who prepares your filing

Qeihan Anderson

Tax return preparer, Soarx Tax & Advisory, Teaneck NJ

After working in corporate tax for a few years, I found my love in accounting and overall financial management. I prepare and sign every return myself. You deal with me from the first message to the filed return.

What I do on every filing

  • ✓Check which years are owed before quoting
  • ✓Quote a flat fee before any work starts
  • ✓Send you the return to review and sign
  • ✓File it and send you the confirmation

Form 5472 + pro forma 1120, one tax year

From $799

Flat fee. Annual plan, same filing every year: $699 a year

Book a 30 minute call
  1. 01

    Book a call or run the check

    A 30 minute call, or five questions online. Either one tells you which years your LLC likely owes.

  2. 02

    Send your documents

    EIN letter, formation documents, and any money that moved between you and the LLC.

  3. 03

    We prepare the return and file it once you sign

    Ready for you to sign within 10 days of us having your documents. Filed once you sign.

Also from Soarx

Bookkeeping and advisory for US businesses

See all prices

Starting prices. Your quote is fixed in writing before any work starts.

Extended 2025 returns

File this year's return before October 15.

Leave your details and Qeihan will call you back.

We only use these to contact you about your filing.

Questions people ask first

No. Qeihan is a tax return preparer. He prepares and signs federal returns, including Form 5472 and the pro forma 1120. He doesn't represent clients before the IRS in audits, collections or appeals. If your case needs that, we'll tell you that you need an Enrolled Agent or tax attorney. The full detail is on our disclosures page.

Usually, yes. What triggers the filing is money moving between you and the LLC, like paying its formation fees, not whether it made a profit. We check your facts before quoting.

We prepare the late returns and draft the reasonable cause statement that goes with them. If a letter has arrived or the file needs someone to represent you before the IRS, we tell you on the first call that you need an Enrolled Agent or tax attorney. Nobody can promise the IRS will remove a penalty, and we won't.

The IRS assesses it against the LLC, because for Form 5472 a foreign-owned single-member LLC is treated as a corporation separate from its owner. Whether it can then be collected from you personally is a legal question for a tax attorney, not a tax preparer. The IRS sources are in our post on who the penalty falls on.

Your EIN letter, the formation documents, and a list of any money that moved between you and the LLC during the year. Bank statements if the LLC has an account.