Posts Tagged ‘foreign gifts’

Foreign gift reporting on Form 3520 is next

Posted on July 1, 2009, 7:58 am, by Phil, under 2009 FBAR Amnesty, International tax audits and enforcement, US estate and gift tax for non citizens.

Besides the FBAR (the Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1, warning it is a PDF) the single most “oops I forgot” form that I see for regular human being clients is Form 3520. Gifts received from nonresidents aren’t reported properly. Or at all. Something tells me (warning! PDF) that the [...]

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