§00Compliance · Glossary
Pro-Forma 1120
A skeleton corporate income tax return filed by foreign-owned disregarded entities solely to attach Form 5472.
In full
A foreign-owned single-member LLC files a Pro-Forma 1120 — the bare-minimum form completed only to satisfy the procedural requirement that Form 5472 be attached to a corporate return. The LLC remains a disregarded entity for substantive tax; the Pro-Forma 1120 carries no tax liability.
Governed by: Entity classification rules.
This definition is general information about how the term is used in U.S. cross-border tax. It is not advice, and how it applies depends on your own facts and on the treaty, if any, in force with your country.