About Form 3520, Annual Return To Report Transactions With Foreign Trusts And Receipt of Certain Foreign Gifts | TaxConnections
U.S. persons (and executors of estates of U.S. decedents) file Form 3520 to report:Certain transactions with foreign trusts.Ownership of foreign trusts under the rules of sections Internal Revenue Code 671 through 679.Receipt of certain large gifts or bequests from certain foreign persons.
