Licensed, Experienced Tax Professionals
Expert Tax Services for Foreign-Owned U.S. Entities
From Single-Member LLCs to Corporations, we specialize in making U.S. tax compliance simple, accurate, and stress-free.
Expert Tax Prep for Every Business Structure
LLCs:
If you own a single-member LLC as a foreign person, the IRS treats it as a disregarded entity by default. This means the LLC itself doesn’t pay taxes, but it must file Pro Forma Form 1120 and Form 5472 to disclose transactions between the LLC and its foreign owner or related parties. Additionally, if the LLC has engaged in U.S. trade or business, the owner needs to file Form 1040-NR to report income and claim deductions.
For multi-member LLCs, the IRS classifies them as partnerships, requiring Form 1065 and Schedule K-1s for each partner.
Failure to file forms like Form 5472 can result in penalties starting at $25,000 per missed filing. Timely and accurate submissions are essential to avoid such costly penalties.
Partnerships:
In case your business structure is a Partnership, you’ll need to file Form 1065, U.S. Return of Partnership Income, to report income, deductions, and distributions. Each partner receives a Schedule K-1 detailing their share of the partnership’s results. Nonresident partners must file Form 1040-NR if they receive U.S.-sourced income.
If the partnership pays FDAP (Fixed, Determinable, Annual, or Periodical) income to foreign persons, such as dividends, interest, or royalties, it must withhold taxes and report the payments using Forms 1042 and 1042-S. Additionally, income connected to a U.S. trade or business requires withholding and reporting on Forms 8804, 8805, and 8813.
Penalties for non-compliance can add up quickly—$210 per partner per month for late filings of Form 1065 and steep fines for missing 1042 or withholding filings.
At Duatax, we ensure your partnership meets all IRS requirements on time, keeping you compliant and penalty-free.
C-Corps:
As a C Corp, you’ll need to file Form 1120, U.S. Corporation Income Tax Return, to report your corporation’s income and deductions. If you or other foreign shareholders own 25% or more of the company, Form 5472 is also required to disclose any reportable transactions. Missing deadlines can cost you, with penalties starting at $25,000 for Form 5472 or 5% of unpaid taxes for late Form 1120 filings.
At Duatax, we guide you through these obligations seamlessly so you can avoid penalties and focus on your business.
Your Business Taxes at a Reasonable Price
Pro-Forma Form 1120
& Form 5472
For Foreign-Owned U.S. Single Member LLC (U.S. Disregarded Entity)
Starting at $250
Form 1065, K-1, K-2, and K-3
For Multi-Member LLCs Owned Entirely by Nonresident Aliens (Partnerships)
Starting at $1,000
Includes (up to 3) K-1 statements
Form 1120
For Foreign-Owned U.S. Domestic C-Corporation or LLCs Taxed as C- Corporation
Starting at $1,000
*Note: Additional forms and schedules may be necessary depending on your business activities, and these will incur extra fees. For a personalized quote, please contact us.
Why choose Duatax to file business taxes?
Top-rated tax firm for nonresidents and international entrepreneurs
Ira and her team were incredible! As a nonresident, I had no idea where to start with my U.S. taxes, but they made everything so simple and easy to understand. I finally feel confident about my business tax filings. Thank you, Duatax!
How to File with Duatax
Filing with Duatax is easy and straightforward. Our process is designed to keep things simple and transparent. If you need assistance at any point, our team is here to help you every step of the way.