UPDATE: There is a transposition error in Box 1h. The total reportable transactions are $9,624 and not $9,264.

This video tutorial covers a scenario where a nonresident owns a US LLC that is engaged in US trade or business. The nonresident must file a Form 1040NR as well as the Form 5472 with a proforma Form 1120.

Form 1040NR filing with Form 5472:    • How to File a Nonresident Form 1040N...  
Form 5472 for LLC with no Taxes Owed:    • Form 5472 for a Foreign Owned Disrega...  
What is a Reportable Transaction:    • Form 5472 Reportable Transactions for...  
Taxable Corporation Form 1120 with Form 5472:    • How to File Form 1120 with a Form 547...  

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DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Selfhelp services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorneyclient or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

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