What bookkeeping records does a foreign-owned single-member LLC actually have to keep for Form 5472?
I run a US single-member LLC that's owned by me, a non-resident. It's disregarded for income tax but I file Form 5472 with a pro forma 1120 every year. I keep my bank statements and receipts, but I keep reading that section 6038A has its own recordkeeping rules that go beyond normal small-business bookkeeping. What records do I actually have to maintain, and how is that different from just saving receipts?
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