Accurate Reporting for Foreign Trusts and Cross-Border Gifts
Foreign Trust & Gift Reporting
Services Overview
Secure your wealth transfer channels with confidence.
Cross-border trusts and substantial gifts require precise IRS reporting (Forms 3520 & 3520-A). We prepare filings, classify transactions, and integrate results—protecting you from severe penalties.
Frequently Asked Questions
Who files Form 3520-A?
The U.S. owner or trustee of a foreign trust must file Form 3520-A, with clear instructions to minimize penalty exposure.
What constitutes a reportable gift?
Gifts or inheritances over $100,000 from non-U.S. persons trigger Form 3520 disclosure.
When are these forms due?
Form 3520 is due with Form 1040; Form 3520-A must be filed by March 15 (trust’s deadline) with a six-month extension available. If Form 3520-A is a substitute form, then it would follow the Form 3520 deadline.
How severe are trust/gift penalties?
Form 3520 penalties start at 35% of the gift/distribution value; Form 3520-A penalties accrue at 5% per month on trust assets, capped at 25%.
Can multi-year omissions be corrected?
Yes. We coordinate amendments for multiple years, ensuring each transaction is accurately documented and filed.
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Streamlined Filing Compliance Procedures
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Next Steps
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