START YOUR BUSINESS
Form an LLC
The most popular choice for business owners
Form a Corporation
Big business? Opt for a C Corp.
Compare Entity Types
Learn the differences and make your choice.
Not sure which entity type fits you best?
Busy entrepreneurs rely on our Tax Package for seamless US business management. Don't risk costly penalties of $25,000+, let our team of experts handle all your tax preparation, filing, & compliance needs for a hassle-free tax season.
Excellent 4.7 out of 5
We tailor our services to fit each business's unique needs for personalized and efficient tax filing.
Top-notch service from experienced professionals, who are well-versed in compliance with federal tax laws, ensuring accurate filings.
Our team will work efficiently to ensure that all tax filings are submitted before the deadline, avoiding any penalties or late fees.
Trust our team of experienced CPAs for accurate and efficient tax filings. We can help you avoid fines of $25,000 for inaccuracies or missing forms. With a track record of success, you can rest easy knowing your documents are in good hands.
Tailored Solutions That Fit Your Business
A quick comparison between us and other providers. Take advantage of a better service, for less.
Gross Income | FileYourFile | Doola | BookMate | Bookeeper360 |
Zero income returns | $299 | $2,200 | $950 | $1600 |
Gross Income ($0-$50k) | $449 | $2,200 | $950 | $1600 |
Gross Income ($50k-$100k) | $799 | $2,200 | $1,075 | $1600 |
Gross Income ($100k-$500k) | $1,399 | $2,200 | $1,450 | $1600 |
Gross Income $500k+ | Quote Required | Quote Required | Quote Required | Quote Required |
Even if your company did not have any activity or wasn't used at all during the tax year, your Foreign Owned LLC is still required to file annual federal tax return including forms, schedules, and statements necessary.
If you fail to file or file late Form 5472 and Form 1120 as a Foreign-Owned Single-Member LLC, the IRS will impose a fine of $25,000.
The forms that non-U.S residents with US LLCs will need to file include Form 5472 and Form 1120, as well as any other forms required by the IRS for compliance.
If your U.S. corporation is at least 25% owned by a foreign entity or person, you are required to file Form 5472 and Form 1120, which will report any business activity that was involved in US trade or business and determine your income tax liability. However, if you do not have a physical presence in the US and conduct business solely online, you may only be required to make an informational filing in the US and not pay US income taxes. Keep in mind that physical presence refers to having a physical location, employees or other presence within the US. If none of these apply to your business, then you do not have a physical presence.
We’re always here for you to answer any queries you have whether you’re ready to start or just need some information to help you figure things out. You can chat with our wonderful support team via our live chat for an instant reply (click on the bottom right corner) or shoot us an email at taxes@fileyourfile.com, you can also schedule a call with one of our agents by clicking here.