Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Completing a form 3520 (https://www.askmehelpdesk.com/showthread.php?t=725906)

  • Jan 3, 2013, 03:22 PM
    weekend_warrior
    Completing a form 3520
    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!
  • Jan 3, 2013, 05:24 PM
    AtlantaTaxExpert
    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.

  • All times are GMT -7. The time now is 07:14 PM.