About form 3520a, annual information return of foreign. Trustee is also required to send to each such beneficiary a copy of the beneficiarys statement. Even taxpayers who have been filing form 3520a consistently in conjunction with the form 3520 i. Irs form 3520a download fillable pdf or fill online annual. Section references are to the internal revenue code unless. About form 3520a, annual information return of foreign trust with. Tax form 3520a annual return of foreign trust with u. Complete all applicable identifying information requested below and part iv of the form. A sixmonth extension for form 3520a may be requested. Owner, including recent updates, related forms and instructions on how to file. Download fillable irs form 3520a in pdf the latest version applicable for 2020.
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 how to file. File form 3520 to report certain transactions with foreign trusts, and ownership of foreign trusts. Anthony parent 20190716 the irs has assessed many of our clients and others taxpayers around the globe who might have even correctly filed form 3520a and form 3520 with substantial penalties. Fill out the annual information return of foreign trust with a u. Information about form 3520a, annual information return of foreign trust with a u. About form 3520, annual return to report transactions with. This is a challenge that we will shortly see is best met by a form 3520 tax attorney. Us taxation and information reporting for foreign trusts.
Fillable and editable templates can greatly save your time. Annual return to report transactions with foreign trusts and receipt of certain foreign gifts. According to the irs instructions, the average time required to prepare the form. This revenue procedure provides an exemption from filing forms 3520 and 3520a for an eligible individuals transactions with, or ownership of, an applicable taxfavored foreign trust atfft. Form 3520a is a fourpage form that requires the disclosure of the income and expenses of the trust and a balance sheet as of the beginning and end of the tax year. A form 3520 filing may be audited by the irs at any time within the statute of limitations.
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