Form 5472
What are reportable related-party transactions?
Last reviewed: June 2026 · IRS sources verified at review date.
For many foreign-owned single-member LLCs treated as disregarded entities, Form 5472 Part IV reports transactions between the LLC and its foreign related parties, typically the foreign owner. The IRS instructions define which categories must be reported and how amounts are summarized.
You do not report every bank line. Routine vendor payments to unrelated third parties are generally outside Part IV. The movements that matter most are between you (or another foreign related party) and the LLC.
Owner contributions
Cash or property you transfer into the LLC from your personal or foreign accounts.
Distributions to the owner
Money the LLC pays you, including draws that look like ordinary transfers on a bank statement.
Owner-paid formation or setup costs
State filing fees, registered agent invoices, or similar costs you paid personally for the LLC.
On fylit.tax, you can upload a bank CSV. The software suggests candidate related-party lines. You confirm each one before it is included in your intake. That keeps you in control of what is reported.
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