Information about Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, including recent updates, related forms, and instructions on …

Mar 14, 2024 · Taxpayers who are U.S. persons have an IRS Form 3520 filing obligation if they have certain transactions with foreign trusts or receive gifts or inheritances from foreign …

Dec 5, 2022 · What is Form 3520? Form 3520 is an informational return in which U.S. taxpayers report transactions with certain foreign trusts, ownership of foreign trusts, and receipts of large …

For purposes of Form 3520, the IRS takes the position that an inheritance is a type of gift and therefore if the Taxpayer receives an inheritance from a non-resident alien, it is reportable on …

Jul 11, 2025 · Filling out IRS Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, involves gathering information on any foreign …

Jun 16, 2025 · What is IRS Form 3520? If you meet certain criteria related to foreign trusts, or receive gifts or inheritances from foreign individuals or entities, you must file Form 3520. …

Master IRS Form 3520 with our expert advice on reporting foreign gifts and inheritances, electronic filing, and crucial deadlines.

Oct 7, 2025 · Although Form 3520 can be complex, we have plenty of experience with it as a tax firm specializing in US expat taxes. Below, we’ll walk you through who must file Form 3520, …

Apr 22, 2025 · IRS Form 3520 is used to report to the Internal Revenue Service about certain transactions with foreign trusts, ownerships of foreign trusts, or if you get certain large gifts …

Complete all applicable identifying information requested below and Part I of the form. You are a U.S. owner of all or any portion of a foreign trust at any time during the tax year. Complete all …