IRS Form 3520
Foreign Trusts & Gifts Reporting
$300
- IRS Form 3520 preparation
- Reporting of foreign gifts and inheritances over IRS thresholds
- Reporting of foreign trust ownership or distributions
- Explanation and breakdown of complex trust structures
- Coordination with related forms (e.g., 3520-A, if applicable)
- We prepare the full package ready for mailing to the IRS
- Support for both individuals and trust beneficiaries
Who is this for?
For U.S. persons receiving large foreign gifts or involved with foreign trusts
If you’re a U.S. citizen or resident who has:
- Received foreign gifts or inheritances over $100,000 from individuals, or over $18,567 (2025) from foreign corporations/partnerships
- Received distributions from a foreign trust
- Are treated as the owner of a foreign trust
…you are required to file Form 3520 with the IRS.
Failure to file can lead to penalties starting at $10,000, even if no tax is due. We simplify the reporting process and help you stay fully compliant.
Why 1040 Abroad?
Trust the experts
Transparent flat rates
You know exactly what you pay for before we get started. There are no hidden fees or any other surprises on the final bill
20+ years of shared experience
Our experience allows us to handle even the most complex tax situations with accurate and reliable solutions
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Up to date knowledge
In order to give you the best care we can. Our experts obtain contiguous education every year to stay up to date.
Frequently asked questions
Is this a tax return?
No. Form 3520 is an informational form, not a tax return. However, it must be filed separately from your Form 1040 and is usually sent to a different IRS address.
Can you also prepare Form 3520-A if needed?
Yes. If you’re considered the owner of a foreign trust, you may also need to file Form 3520-A. We can prepare both forms as part of Form 3520 preparation free of charge.
Do I need to report multiple gifts separately?
No. You must report all gifts from the same foreign person or related parties in aggregate if the total exceeds the filing threshold during the year.
How will I know what information you need from me?
Once you sign up, we’ll provide a clear checklist of the documents and details required—including gift amounts, dates received, and any documentation you may have from the sender or trust.
Will you handle the filing for me?
Yes. Whenever possible, we e-file Form 3520 along with your tax return. If electronic filing isn’t allowed based on your specific situation or the IRS’s current system, we will prepare a complete, signed-ready package and give you clear mailing instructions. If needed, we can also assist with mailing it on your behalf.
