Pre-order: Practical Tax Series Form 3520

Release date: May 31, 2025.

Learn how to Report International Trusts and Donations without Risk of Sanctions!

If you have received gifts, inheritances or have a relationship with foreign trusts, this ebook is for you. The Form 3520 is a key requirement for U.S. citizens and tax residents, and its mishandling can result in significant penalties.

In this practical guide, we break down everything you need to know about Form 3520 in a clear and accessible way. From when it applies, to how to complete it, to how to avoid common mistakes that can lead to IRS penalties. Ideal for individuals, tax advisors and entities with international connections.

What will you find in this guide?

• ✅ Actual cases of foreign gifts, inheritances and trusts that you must report.
• ✅ Step-by-step explanations on how to correctly fill out Form 3520.
• ✅ Key thresholds, exceptions and documentation you should have ready.
• ✅ Practical tips to avoid fines of up to 35% for errors and omissions.

Who is this ebook for?

• Individuals or legal entities in the U.S.: Who receive gifts or manage international trusts.
• Accountants and tax advisors: Who require legal and operational clarity on this form.
• Residents with foreign inheritances: Who wish to comply with the IRS without complications.

Don’t underestimate the impact of not filing Form 3520. With this guide, you can make sure you get it right the first time, with confidence, clarity and compliance.