Form 3520

(redirected from 3520 Form)

Form 3520

A form that a U.S. person files with the IRS to report some transactions with a foreign trust, ownership of a foreign trust, or certain gifts from a foreign person or corporation. One must file a separate Form 3520 for each foreign trust with which one interacts.
References in periodicals archive ?
Figure A Number of Returns Reporting Trust Transactions and Certain Gifts (Forms 3520), and Number of Foreign Grantor Trust Returns (Forms 3520-A), by Selected Years, 1990-2002 Number of returns Year Form 3520 Form 3520-A 1990 133 291 1994 573 426 1998 3,282 4,676 2002 4,676 2,550 Note: Table made from bar graph.