01
June 27, 2024
Demystifying IRS Form 3520: A Compliance Guide
A practical roadmap for understanding when Form 3520 applies, what information it asks for, and how to reduce the risk of avoidable penalties.
Read the article →Blog category
3520 and 3520A Tax Penalties.
02
July 4, 2023
IRS Form 3520: Reporting Foreign Trusts and Receipt of Large Gifts or Inheritances
What U.S. taxpayers should consider when a foreign trust, large gift, or inheritance enters the picture.
Read the article →03
July 2, 2023
Demystifying IRS Form 3520: A Comprehensive Guide
A broader look at Form 3520 obligations, the supporting facts the IRS expects, and what to do after a CP15 notice triggers a penalty assessment.
Read the article →04
June 5, 2023
Form 3520: What Are The 5 Critical Steps for Reporting Foreign Gifts and Inheritances?
Five practical steps for organizing the facts and records behind a Form 3520 foreign gift or inheritance filing.
Read the article →05
May 16, 2023
Form 3520 and 3520-A Tax Penalties
How a CP15 notice triggers Form 3520 and Form 3520-A penalty assessments, how the amounts are calculated, and what a taxpayer can do after receiving a notice.
Read the article →06
May 9, 2023
IRS Form 3520 and 3520-A Penalty Appeal and Abatement Procedures
A practical overview of reviewing, appealing, and seeking abatement of an IRS Form 3520 or Form 3520-A penalty.
Read the article →07
April 27, 2023
Received a Foreign Gift? File IRS Form 3520 or Face Significant Penalties
A foreign gift may require information reporting even when it is not taxable income. Learn what to document before filing Form 3520 or responding to a CP15 notice and the penalty assessment it triggers.
Read the article →08
April 18, 2023
The IRS Form 3520 and Form 3520-A
The essential distinction between Form 3520 and Form 3520-A, the records each filing may require, and the penalty assessment a CP15 notice may trigger after an error or omission.
Read the article →