Have a Tax Question? Ask a Tax Expert
Hi, I'm happy to help and will stay online for the duration of your question. I kindly ask that you give me a positive rating after I provide you with an answer if you are happy with my service. I'm available to answer any follow up questions.
Form 3520 is due on the date that your income tax return is due, including extensions. It should be sent with all required attachments to:
Internal Revenue Service Center,
P.O. Box 409101, Ogden, UT 84409
Thank you for this opportunity to serve you. I kindly ask that you give me a good rating if you are happy with my service. My 5 star rating is very important to me. I will remain online for a few moments to see if you have any follow up questions. -Rick
Below are links to the instructions and form. If you have any other questions or need further help with this form, please ask for me. -Rick
I am a different expert. The first expert chose to opt out and sent your question back to the list.
A foreign gift is money or other property received by a U.S. person (citizen or resident alien) from a foreign person that the recipient treats as a gift or bequest and excludes from gross income.
A person files Form 3520 separately from their income tax return but the due date for filing Form 3520 is the same as the due date for filing an annual income tax return, including extensions.
You file an annual Form 3520 for all reportable foreign gifts and bequests you receive during the taxable year.
It is not filed before a gift is received.
Please let me know if you need clarification. If you do not then a positive 5 star rating is appreciated so I get credit for the response. (look for the STARS or SMILEY FACES)