Form guide

Form 5472 instructions, plain English

Last reviewed: April 2026 · IRS sources verified at review date.

Form 5472 has five parts. For most single-owner foreign-owned LLCs with simple transactions, only Parts I–IV are relevant. Here's what each part asks.

Part I

Reporting Corporation Information

Identifies the US LLC (name, EIN, address, tax year). This is the entity that is filing the form, your US LLC, not you personally.

Part II

25% Foreign Shareholder Information

Identifies each 25%+ foreign owner: name, country of residence, taxpayer ID. If the owner is an entity, you need the entity's country of formation and type.

Part III

Reportable Transactions, Monetary

Lists dollar amounts for each type of reportable transaction between the LLC and the foreign owner: sales, purchases, rents, royalties, commissions, interest, premiums, and other amounts.

Part IV

Reportable Transactions, Non-Monetary

Covers non-monetary transactions such as services performed, accounts receivable/payable, loans, advances, and other amounts owed between the LLC and related parties.

Part V

Additional Information for Reportable Transactions

Required only for certain transaction types. Covers details on cost sharing arrangements, platform contribution transactions, and similar items.

Official IRS instructions for Form 5472 (Rev. December 2022), Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. IRS Source ↗

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