When You Need To File IRS Form 3520
AGRO ACCOUNTING CPA Accounting for Croativo Entroprcnours When You Need To File IRS Form 3520 Form 3520 is used to report certain transactions with foreign trusts under the Internal Revenue Code (IRC), Section 6048. U.S. persons including artists, freelancers, business owners, executors of estates, or anyon who has made foreign transactions may need to file IRS Form 3520. File IRS Form 3520 1 If you receive money or foreign gifts from a non-U.S. citizen If you transferred money or property to a foreign trust 2 3 If you have ownership of foreign trusts 4 If you become the executor of the estate to someone who received a foreign gift If you have received certain large gifts or foreign estate of over $100,000 Get in touch with Agro Accounting CPA to file your IRS Form 3520. Email us at [email protected] or Call us at (888) 247-6829
When You Need To File IRS Form 3520
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