Hello Folks,

do you usually file the 5472 and 1120 yourself self or do you engage someone expert to do it?

I want to engage someone to help me do it correctly, but the fees are super hight.

I found some folks in Upwork doing it with a reasonable price, what do you think folks? any guiance on that?

  • ayoubmpOPBEnglish
    1·
    10 months ago

    u/selindr0m - to be honest that’s the most complete answer I saw so far. you really zoomed in and highlighted the necessary things that anyone like me needs to know,
    You’re right, I did some research, and I found that Delaware is expensive, and I don’t think it will add value to what I m doing.

    and yes, my plan is to engage an accountant to help me do the forms this year, and I’ll do it myself the next one :).

    I’ve also heard that an FBAR form is needed just in case LLC income exceeds 10K USD at any given time during the year, is that right?