ForeignLLCTax

DIY bookkeeping prep

Turn messy records into a tax-ready organizer

Pick the filing path and the types of records you have. The organizer maps your bookkeeping file to the tax outputs a foreign-owned LLC owner actually cares about: Form 5472 records, Form 1065 worksheets, ECI support, tax ID applications, and catch-up binders.

This is a tax workpaper organizer for your own user-prepared records — not full-service bookkeeping, not CPA-reviewed books, not GAAP financial statements, and not accounting, tax, or legal advice.

This tool does not connect to your bank or prepare books for you. It gives a record checklist and tax-prep map so you can organize your own file before using a filing wizard or talking to a tax professional.

Generating an official filing package or workpaper download from your user-prepared ledger data requires the relevant paid filing entitlement for that product and tax year. The paid package builds the official IRS PDFs and review-only workpapers from your own records — it is not CPA review or a full-service accounting engagement.

What the organizer covers

The browser workbench below builds review-only record checklists, a chart-of-accounts starter, transaction intake tables, year-end close cues, ECI owner-path records, and year-separated catch-up folders. It does not prepare books, determine tax treatment, or generate an official form.

Filing paths

  • Foreign-owned single-member LLC: Form 5472 + pro forma 1120 records
  • Multi-member LLC / partnership: Form 1065 worksheet and partner-allocation records
  • ECI / U.S. trade or business review: 1040-NR or 1120-F prep records
  • EIN / ITIN setup: Identity and entity-document checklist
  • Catch-up or messy prior years: Rebuild missing ledgers year by year

Records it can organize

  • Stripe, PayPal, marketplace, or app-store payoutsGross sales, fees, refunds, and processor statements
  • Owner contributions, distributions, or reimbursementsCapital in/out and owner-paid expenses
  • Payments with an owner, foreign company, or related partyLoans, services, royalties, rents, inventory, management fees
  • Inventory, imports, or customs valuesCOGS, landed cost, duties, freight, and stock on hand
  • Contractors, payroll, or service providersW-forms, invoices, payroll reports, and withholding flags
  • U.S. visits, U.S. office, or U.S. work daysDays in the U.S., office facts, and treaty/ECI review
  • Non-USD bank accounts or foreign-currency booksExchange-rate trail and translated statements
  • Missing or late prior-year filingsSeparate year folders and reasonable-cause support

Initial supported outputs

  • Form 5472 reportable-transaction support
  • Pro forma Form 1120 identification and balance-sheet wrapper
  • Part IV / Part V related-party transaction summary

Official sources

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