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View Full Version : Completing a form 3520


weekend_warrior
Jan 3, 2013, 03:22 PM
I have another question about filling out the form 3520 because they make it so complicated!

I received a gift from my father who is NOT an American citizen so I am filling out the form.

I am under the impression that I only need to fill out the forms page 1 (general info) and section IV (Us recipients of gifts) and leave the other parts empty since it was a one time gift and my father is still alive.

My question is on the first page it asks in section 2a the "name of the foreign trust". Do I put my fathers name and info in here? Or do I leave it blank and not put his info anywhere? It seems like I only fill out 1 a-h and then lave the rest blank and sign.

I would really appreciate some help on this thing because its driving me crazy!

AtlantaTaxExpert
Jan 3, 2013, 05:24 PM
If you are not sure you can properly interpret the instructions for Form 3520, then perhaps get professional help.

To answer your questions, your impression is correct: complete Page 1 and Section IV.

Leave "name of foreign trust" blank.