Form 5472
What are reportable related-party transactions?
Last reviewed: July 2026 · IRS sources verified at review date.
For many foreign-owned single-member LLCs treated as disregarded entities, Form 5472 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 the related-party buckets. The movements that matter most are between you (or another foreign related party) and the LLC.
Contributions and distributions are not the same as formal loans. For foreign-owned U.S. disregarded entities, contributions to and distributions from the entity are called out under Form 5472 Part V (and related regulations). Amounts loaned or borrowed, and interest, are separate monetary types. Owner funding with no repayment schedule is usually a capital contribution, not a loan.
Capital contributions
You put your own money into the LLC, or you personally paid an LLC bill such as a formation or registered-agent fee. Still reportable. Not the same as a loan.
Distributions to the owner
The LLC sends money back to you as owner (owner draw or return of capital), including transfers that look ordinary on a bank statement.
Formal loans (separate from contributions)
Documented or intended debt: amounts loaned or borrowed, repayments, and interest. The IRS lists these separately from capital contributions. Do not treat ordinary owner funding as a loan unless it is actually debt.
Owner-paid formation or setup costs
State filing fees, registered agent invoices, or similar costs you paid personally for the LLC often count as contributions (sometimes also tied to formation).
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.
For information only. This is not tax, legal, or filing advice. Official IRS rules and your CPA or licensed tax professional control what applies to you.
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