Weldune
Menu

This page belongs to

US market-access pack

Verification pending

Reviewer of record: US attorney, review pending

ng.weldune.com / Learn / US market-access pack

Form 5472 and Form 1120, on one calendar.

A US entity with foreign ownership carries Form 5472 and Form 1120 filing obligations every year, and missing either creates its own paperwork. This page says what each form is for and what the pack's compliance calendar does with them. It does not state a due date.

What Form 5472 is for

Form 5472 reports transactions between the US entity and its foreign owner, filed alongside the entity's income tax return. It exists because the IRS treats a foreign-owned single-member entity as a reporting corporation for this purpose.

What Form 1120 is for

Form 1120 is the US corporate income tax return the entity files even where it has no US income tax to pay. The two forms are filed together, on the entity's own schedule.

Why the calendar exists

A founder running the business from Nigeria has no US accountant reminding them a filing is close. The calendar puts Form 5472 and Form 1120 on the same row as every other US filing the entity carries, so the date does not depend on someone remembering.

What the pack produces for this

A Form 5472 and Form 1120 compliance calendar, each filing as its own row, alongside the sales-tax nexus check and the vendor onboarding kit the same entity needs; documents and web pages as the template specification names them, with each row confirmed against your accountant until a verified date is logged.

Questions

Does the pack file Form 5472 or Form 1120 for me?
No. It puts both filings on the calendar in the format the template specification names; filing is yours or your accountant's. The pack is a walkthrough, not representation, and does not form the entity, sign returns or open accounts.
What happens if the entity has no income to report?
Form 1120 is still filed, and Form 5472 still reports the transactions the IRS requires regardless of income; the calendar carries both filings either way.
When exactly are these forms due?
The calendar renders a date only from a verified source. Until then, confirm with your accountant.

Confirm with your accountant if unsure.