Own a US LLC from abroad? The IRS treats you as a high-risk filer with a $25,000 minimum penalty for missing Form 5472. ForeignBooks is the only bookkeeping app built around that reality.
No credit card · Encrypted & private · Syncs across devices
For each missed or late Form 5472 — assessed per filing period, not capped per year.
Contributions, distributions, loans, royalties, services — all reportable and must be categorized correctly.
Treasury Reg §1.6038A-3 requires documentation supporting every line on Form 5472.
Income & expenses with IRS-aligned categories, multi-currency, and a related-party flag.
A chart of accounts mapped to Form 1120 deduction lines and Form 5472 reportable types.
Tag transactions with the foreign owner; we auto-total each 5472 line for you.
Part IV & V reportable totals computed automatically, exportable as CSV for your CPA.
Form 5472, pro-forma 1120, BOI, and state deadlines — all in one place.
Tied to your account, encrypted in transit and at rest, with row-level security so only you can read it.
Less than one CPA hour, every month.
Every foreign-owned US single-member LLC (a disregarded entity) must file Form 5472 + a pro-forma 1120 annually — even with zero revenue — reporting transactions with the foreign owner. The penalty is a minimum of $25,000 per missing or late form.
No. It is bookkeeping software that prepares clean records and a 5472-ready packet. We strongly recommend a US-licensed CPA or enrolled agent to actually file.
In your private account, in a secure database with row-level security so only you can access it, encrypted in transit and at rest. Export or delete it anytime.
Yes — manage or cancel from your billing portal. When a subscription ends the app returns to Free and your data stays intact.