My LLC only files Form 5472 with a pro forma 1120. On Form 7004 do I still use the 1120 code?
I am in Canada and my accountant is preparing an extension for my foreign-owned single-member LLC. Since the business is disregarded, I assumed there would be some special code for Form 5472 itself. But the preparer says we still use the Form 1120 code on Form 7004 because the Form 5472 is attached to a pro forma 1120.
That sounds odd to me, so I want to confirm whether that is really what the IRS instructions say.
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