Accounting support and income reporting for companies in the United States
Comprehensive accounting and tax reporting for LLCs and C-Corporations in the United States. Bookkeeping, preparation and filing of IRS forms, deadline monitoring, and full tax compliance — even if the company had no business activity
Certified U.S. CPAs
Accounting for all U.S. business structures
Compliance for Non-U.S. business owners
IRS filing & compliance management
Certified U.S. CPAs
Accounting for all U.S. business structures
Compliance for Non-U.S. business owners
IRS filing & compliance management
countries where we help clients set up businesses
years of experience in international business consulting and company formation
clients have started businesses abroad with our help
Companies we've worked with
What’s included in U.S. company accounting support
We provide both full-service accounting for U.S. companies and individual services tailored to your business needs
Bookkeeping
Maintaining accounting records and preparing financial statements (Profit & Loss, Balance Sheet, Cash Flow) based on source documents or data from accounting systems (e.g., QuickBooks)
Tax returns and reporting in the United States
Preparation and filing of tax returns for companies and their owners (Forms 5472, 1120, 1065, 1040-NR, 1120-S, etc.)
Sales Tax compliance in the United States
Nexus analysis to determine registration requirements, state tax registration, preparation and filing of returns, and ongoing calculation and administration of Sales Tax
Payroll and employment taxes
Payroll processing, calculation of wages, taxes, and employee benefits, preparation and filing of quarterly federal reports (Form 941), and state payroll reporting
What you need for U.S. accounting and tax compliance
Key practices that help your business stay compliant and avoid unnecessary questions from banks and tax authorities
Financial records
Keep all financial records, including invoices, bank statements, receipts, contracts, and Stripe, PayPal, or other system payment confirmations. Complete documentation is essential for accurate bookkeeping and tax reporting
Timely data submission
Provide your accountant with financial documents regularly and notify them of business changes, new contracts, or new revenue streams. This helps ensure accurate reporting and prevents errors
Financial transparency
Use a dedicated business bank account and avoid mixing personal and company funds. You should always be able to verify the source of income in case of a bank or IRS review
Communication with CPA
Respond promptly to your accountant’s requests and consult them before making major financial or legal decisions. This helps you understand tax implications and minimize risks
What tax returns we prepare for U.S. companies
All U.S. LLCs and Corporations (C/S) are required to file federal and state tax returns — even if there was no business activity. For companies with foreign owners, the key requirement is the annual filing of Form 5472 with the IRS together with a supporting form (pro forma Form 1120). The penalty for failure to file or late filing may be $25,000 for each year.
In addition, companies with foreign ownership of 10% or more must file the BE-12 report every five years.
Foreign-owned Single-Member LLC tax reporting
The company files Form 5472 together with a pro forma Form 1120 in accordance with IRS requirements for U.S. companies owned by non-U.S. persons. The non-U.S. owner files Form 1040-NRonly if they have U.S.-source income or income that is effectively connected with a U.S. trade or business (ECI).Foreign-owned Multi-Member LLC tax reporting
By default Foreign-owned Multi-Member LLC is treated by the IRS as a partnership and files Form 1065 (U.S. Return of Partnership Income).
Кожен учасник компанії отримує Schedule K-1, у якому відображається його частка доходів, витрат та інших податкових показників.
За наявності операцій із пов’язаними іноземними сторонами може також подаватися Form 5472. If the partnership is required to withhold tax on income allocable to foreign partners, Forms 8804 and 8805.
C Corporation tax reporting
A C Corporation files a pro forma Form 1120 та самостійно сплачує корпоративний податок відповідно до вимог IRS.
За наявності операцій із пов’язаними іноземними сторонами Form 5472 If the corporation has reportable transactions with related foreign parties, must be filed together with a pro forma Form 1120.
У разі виплати дивідендів подаються відповідні інформаційні форми: Form 1099-DIV is issued to U.S. shareholders. For dividend payments made to non-U.S. shareholders, Forms 1042 and Form 1042-S.
We help determine your reporting requirements and prepare all necessary forms in compliance with IRS regulations.
How much does U.S. tax reporting cost?
How U.S. accounting support works
Accounting support in the United States includes three key stages: ongoing transaction recording, preparation of financial statements, and filing tax returns in compliance with IRS requirements
Document submission
Each month, the company provides the accountant with financial documents (invoices, bank statements, and other transaction records). Alternatively, income and expense data can be entered directly by the company into an accounting system (e.g., QuickBooks), with periodic access granted to the accountant for review
Financial statement preparation
The accountant prepares the key financial reports: Profit & Loss, Balance Sheet, and Cash Flow, and then transfers them to a tax specialist (CPA) for further processing
Tax return filing
The CPA prepares and files all required tax forms based on the company structure and business results. The tax liability is calculated, and the company pays taxes within the established deadlines
Why companies choose WoBorders for U.S. accounting
We support businesses in the United States in full compliance with federal and state requirements. We work with LLCs and Corporations of various structures, ensuring accurate bookkeeping, timely tax filing, and professional communication with tax authorities
Fast and convenient communication
We respond promptly to requests in English or Ukrainian. Client data is protected in accordance with international confidentiality standards
Consulting support
We advise on accounting, tax requirements, and reporting. When needed, we coordinate with local U.S. tax professionals (CPAs)
Fast document exchange
Secure electronic document exchange via protected services and cloud platforms. We work with accounting systems such as QuickBooks
Full U.S. compliance
Financial reporting is prepared in accordance with IRS requirements and U.S. accounting standards
Find out which tax filings your company actually needs
We assess your structure and transactions to determine requirements and filing costs
Your consultant
Ivan Chebotarov
CEO & co-Founder
Describe your request
What our clients say about WoBorders
Frequently asked questions about U.S. tax reporting and accounting
How much do accounting services cost in the United States?
The cost depends on the number of transactions, the company structure, and the scope of reporting.
Financial report preparation starts from $100. Tax return preparation and filing start from $550.
For an accurate estimate, we analyze your business activities and provide an individual quote.
Is it mandatory to have an accountant in the U.S., or can you handle accounting yourself?
Companies in the United States are required to maintain records of all financial transactions. Small businesses with a limited number of transactions may handle bookkeeping independently.
If your operations are more complex or involve international clients, working with an accountant or CPA is recommended to avoid errors and potential penalties.
How does Sales Tax work for e-commerce and service businesses?
Sales Tax is a consumption tax paid by the end customer. The business charges the tax at the point of sale, collects it, and remits it to the state or local authorities.
Rates and rules vary by state. Registration and collection obligations arise once the business establishes an economic or physical nexus.
What tax forms does a business need to file in the United States?
The required forms depend on the company type, ownership structure, and business activity.
Most common:
– Form 1120 — for C Corporations
– Form 1065 — for partnerships and multi-member LLCs
– Form 5472 — for foreign-owned companies
– Information returns (Forms 1099 or 1042-S) — if payments are made
The exact filing requirements are determined on a case-by-case basis in accordance with IRS regulations and the company’s activities. A detailed overview of forms and requirements is available in our guide.
What penalties apply for late or missed tax filings in the U.S.?
Penalties depend on the type of form and the length of the delay.
Most common:
– Form 5472 — penalty starting from $25,000 for failure to file or incorrect filing
– Form 1120 — up to 5% of the unpaid tax per month (up to 25%)
– Form 1065 — a monthly penalty multiplied by the number of partners
Late filing may result in significant financial penalties and additional IRS scrutiny.
What are the most common reporting mistakes businesses make in the United States?
Most common mistakes:
– Assuming that no filing is required if the company has no income
– Failure to file Form 5472 for a foreign-owned LLC
– Missing ITINs for owners or partners
– Ignoring withholding obligations for non-residents
– Late preparation of financial documents
Proper reporting planning helps avoid penalties and issues with the IRS.
Additional services for U.S. company owners
