Forming your LLC or LTD is only step one. Non-resident foreign owners who fail to submit IRS Form 5472 or UK VAT returns face mandatory $25,000+ fines and bank freezes. PRIME XLR's tax specialists keep your entity 100% compliant year after year.
Mandatory annual informational return required by the IRS for foreign-owned single-member LLCs. Prepared accurately by specialized CPAs to guarantee compliance.
HMRC VAT registration for non-resident Amazon UK / Europe sellers, distance selling threshold management, and quarterly VAT return submissions.
Timely submission of annual reports in Wyoming, Delaware, Florida, and Texas to maintain active company standing and prevent administrative dissolution.
Analysis of your US sales channels (Shopify, Amazon FBA warehouse states) to calculate physical and economic nexus obligations across US states.
Categorized monthly profit & loss reports, balance sheets, and inventory reconciliation formatted for global banking and tax submission readiness.
Registration and filing support for businesses operating in UAE Free Zones and Mainland under the new UAE Corporate Tax and VAT regulations.
Many foreign LLC owners assume that if they make zero US income, they don't need to file taxes. This is false. The IRS imposes a minimum $25,000 penalty for failure to file Form 5472, even for 0-revenue companies.
Failure to file Form 5472 + 1120 results in an automatic $25,000 fine per unfiled year, directly levied by the US Department of the Treasury.
Banks like Wise Business, Mercury, and Relay run annual compliance audits. Unfiled state annual reports will cause immediate account freezing.
We track every deadline, prepare all required forms, and file directly with tax authorities so you run your e-commerce store with total peace of mind.
Yes. Foreign-owned US LLCs are required to file Form 5472 + Form 1120 annually regardless of revenue or profit. Non-filing triggers the mandatory $25,000 penalty.
The standard federal deadline is April 15th following the tax year (or October 15th with an official extension filed beforehand).
Yes. We manage complete HMRC VAT registration, distance selling tracking, and quarterly VAT return filings for sellers on Amazon UK and European marketplaces.