Form 3520-A

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Form 3520-A

A form one files with the IRS providing information on a foreign trust owned by a U.S. person. Each U.S. owner of a single foreign trust must file a separate Form 3520-A. This is an information return, but some of the income or assets reported may be taxable.
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The substantial increase in the number of Forms 3520-A filed (from 291 for Tax Year 1990 to 3,819 for Tax Year 2006) reflects increased foreign trust activity by U.
beneficiaries must file Forms 3520-A, Annual Information Return of Foreign Trusts with a U.
The substantial increase in the number of Forms 3520-A filed may be attributable to both increased foreign trust activity by U.
The AICPA has commented to the IRS on Forms 3520-A, Annual Information Return of Foreign Trust with a U.
The number of foreign trusts filing Forms 3520-A rose by over 500 percent since 1990.