2014 form 3520-2025

See details

4 out of 5

28 votes

Form 3520 is an annual return required by the IRS for U.S. persons to report transactions with foreign trusts and the receipt of certain foreign gifts. It includes sections for reporting transfers to foreign trusts, distributions received from them, and gifts or bequests from foreign persons. The form must be filed in English, with amounts shown in U.S. dollars, and separate forms are required for each foreign trust.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The fastest way to redact 2014 form 3520 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click 'Get Form' to open it in the editor.
Begin by filling out your identifying information, including your name, address, and identification number. Ensure all amounts are in U.S. dollars.
Select the appropriate boxes indicating whether this is an initial return, final return, or amended return. Also, specify the type of filer (individual, partnership, etc.).
Complete Part I if you transferred money or property to a foreign trust during the tax year. Provide details about the trust and any related obligations.
If applicable, fill out Part II for U.S. owners of foreign trusts and Part III for distributions received from foreign trusts.
For gifts received from foreign persons, complete Part IV with details about each gift exceeding $100,000.
Review all entries for accuracy before saving your work. You can print, download, or share the completed form directly from our platform.

Start using our platform today to simplify your Form 3520 completion process!

See more 2014 form 3520 versions

We've got more versions of the 2014 form 3520 form. Select the right 2014 form 3520 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.9 Satisfied (32 Votes)
2022	4.5 Satisfied (49 Votes)
2021	4.8 Satisfied (105 Votes)
2020	4.3 Satisfied (48 Votes)
2019	4.3 Satisfied (101 Votes)
2018	4.3 Satisfied (103 Votes)
2017	4.2 Satisfied (63 Votes)
2016	4.4 Satisfied (595 Votes)
2015	4.1 Satisfied (31 Votes)
2014	4 Satisfied (28 Votes)
2013	4 Satisfied (27 Votes)
2012	3.8 Satisfied (41 Votes)
2010	4 Satisfied (39 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What happens if you dont file Form 3520?

A penalty applies if Form 3520 is not timely filed or if the information is incomplete or incorrect (see below for an exception if there is reasonable cause). Generally, the initial penalty is equal to the greater of $10,000 or the following (as applicable).

Does Form 3520 trigger an audit?

While audits specifically focused on Form 3520 Part IV are relatively rare compared to other areas, the potential consequences of non-compliance necessitate diligent preparation and adherence to reporting requirements. Failure to comply can result in docHub penalties and potentially initiate a broader audit.

When should form 3520 be filed?

When is Form 3520 due? Form 3520 is filed in the year that a gift or inheritance is received, and is generally due on the same dates as the filers income tax return (April 15, June 15 for US taxpayers living overseas, or October 15 if an extension is granted).

What are the common mistakes when filing form 3520?

The Top Form 3520 Mistakes to Avoid Not reporting foreign gifts. Not reporting foreign bequest from foreign estate or decedent. Penalties for Not Timely Filing. Filing Form 352 0 late.

What is the purpose of the IRS Form 3520?

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.