US IRS Tax forms

The following tax forms need to be submitted by US holders of Foreign Trusts. There is some disagreement as to whether or not holding a real estate trust for ownership actually is what these documents represent, but like most things with the IRS sometimes it’s better to err on the side of caution.

For those just taking ownership you need only file the 3520 the first year when the trust is established. Then for subsequent years the 3520a needs to be filed by March 15. Yes, not April 15 with your taxes, but “by the 15 of the third month of the year.”

i3520a_instructions_2008

f3520_form_2008

f3520_instructions_2008

f3520a_form_2008

(emailed to blog@starkinsider.com. You can too!)

Al Graichen

Al, originally from Methuen, MA, made his way west to the San Francisco Bay Area via Hershey, PA courtesy of H Ross Perot's EDS in the 1970's. Managing IT for EPRI (remember Chernobyl) and Pacific Bell in it 1980's, Al moved on to manage IT under contract with NASA in the 90's. With the downturn in government contracts he started his own consulting business to branch out to the commercial and financial sectors. Through it all he kept up with his passion for photography, motorsports racing, cycling and branching out into writing about travel and wine.

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