US Taxation

The IRS has strict reporting requirements for non-US residents. Ignorance of the law is not an excuse.

  • Form 5472 & Pro-Forma 1120 Filing: If you are a non-US resident owning a Single-Member LLC, you must file Form 5472 and a pro-forma Form 1120 every year, even if your business had zero profit or no activity.
    • ⚠️ The Risk: The penalty for failing to file Form 5472 on time starts at $25,000 USD.
    • Our Solution: We prepare and file these specific information returns to keep you safe from IRS audits and penalties.
  • State Franchise Tax & Annual Reports: Most states (like Wyoming, Delaware, and Florida) require an annual report and fee to keep your company “Active.”
    • Our Solution: We track your state deadlines (e.g., June 1st for Delaware LLCs) and file the reports to prevent your company from being administratively dissolved.
  • ITIN Application (Individual Taxpayer Identification Number):
    • What is it? A tax processing number issued by the IRS for individuals who are not eligible for a Social Security Number (SSN).
    • Why do you need it? You need an ITIN to file US tax returns, open top-tier US bank accounts (like Capital One or Chase), and verify your US PayPal or Stripe accounts.
    • Our Service: As your Certifying Acceptance Agent support, we guide you through the Form W-7 application, helping you certify your passport and documents without needing to visit a US embassy.

UK Taxation & Annual Filings

UK Limited companies have two separate masters: Companies House and HMRC. We handle both.
  • Confirmation Statement (CS01):
    • What is it? An annual filing with Companies House that confirms your company details (directors, address, shareholders) are up to date.
    • Deadline: Must be filed once every 12 months. Failure to file is a criminal offense for directors and can lead to your company being struck off the register.
  • Annual Accounts:
    • What is it? A financial summary of your company’s performance that must be filed with Companies House and HMRC. This is required even if your company is “dormant” (inactive).
  • Corporation Tax Return (CT600):
    • What is it? The tax return filed with HMRC to calculate how much tax your company owes on its profits.
    • Our Solution: We register your company for Corporation Tax, prepare your computations, and submit the CT600 form to ensure you pay the correct amount (currently 19-25% on profits).

Contuct Number

+1 (406) 338-0410

Our Email

support@innovexify.com

Our Website

www.innovexify.com

Our Location

United States of America - Pakistan - Saudia Arabia

Have questions about the process? Our team is here to help you navigate your business journey.