Form 5472 & Form 1120 Support

Start IRS Reporting Support

Estimated CPA / Agent Fees β€” from $249 (per tax year)
(Paid directly to licensed professionals. Not our fee.)

Trophy Accounting provides advisory guidance and coordination under separate service plans.
No tax filing or IRS representation is included.

πŸ‘‰ See our Pricing page for full service plans and ongoing support options.

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IRS Reporting Support for Foreign-Owned U.S. Companies

Trophy Accounting provides Form 5472 and Form 1120 support services for foreign-owned U.S. companies that must meet specific IRS reporting requirements.

This service is designed to help clients prepare required filings accurately, on time, and in accordance with IRS rules, even when the business has little or no activity.

Important Service Statement

We work with qualified U.S. tax professionals to assist with the preparation of Form 5472 and Form 1120. All filings are prepared in accordance with IRS requirements.

What Are Form 5472 and Form 1120?

Form 5472

Form 5472 is an IRS information return required for certain U.S. companies with foreign ownership that engage in reportable transactions with related foreign parties.

This form may be required even if the company had no income or operations.

Form 1120 (or Pro Forma 1120)

Form 1120 is used to report corporate information to the IRS and is commonly filed together with Form 5472 for compliance purposes.

Who Typically Needs This Filing

  • Single-member U.S. LLCs owned by non-U.S. persons
  • U.S. companies with foreign shareholders
  • Foreign-owned companies with capital contributions or related-party transactions
  • Companies formed but not actively operating

What This Service Includes

  • Determining whether Form 5472 filing is required
  • Guidance on identifying reportable transactions
  • Assistance with preparation of Form 5472
  • Assistance with preparation of Form 1120 or pro forma Form 1120
  • Review for accuracy and consistency
  • Filing guidance and submission support
  • Compliance checklist and deadline reminders

What This Service Does NOT Include

To maintain clarity and compliance, this service does not include:

  • Ongoing bookkeeping
  • Payroll processing
  • Legal advice
  • IRS audit representation
  • General tax planning

Additional services are available under separate engagement.

How the Process Works

  1. You request the service
  2. We confirm filing requirements
  3. You provide required ownership and transaction information
  4. We work with qualified U.S. tax professionals on preparation
  5. Filing guidance is provided for submission

IRS Official Resources

For reference, you may review the IRS instructions directly:

These links are provided for informational purposes.

Why Trophy Accounting

  • Experience working with all U.S. business types (LLCs, C-Corporations, S-Corporations, partnerships, and sole proprietors)

  • Specialized support for foreign-owned and non-U.S. businesses

  • Coordination with licensed CPAs and certified tax professionals

  • Guidance and coordination for IRS notices, penalties, and compliance issues

  • Clear service scope with transparent pricing

  • Compliance-focused approach β€” no overpromising

  • No unnecessary upselling β€” services based on actual needs

We focus on accuracy, clarity, and compliance, while coordinating with certified professionals when required.

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Form 5472 & Form 1120 Support-FAQs

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