Form 3520-A, Annual Information Return for Foreign Trusts with a U.S. Owner, is used to report the trust's income, assets, and U.S. beneficiaries to the IRS.
Our fillable Form 3520-A makes the filling process much easier. Simply enter the required information online and download it to your device without extra software.
Form 3520-A, Annual Information Return for Foreign Trusts with a U.S. Owner, is used to report the trust's income, assets, and U.S. beneficiaries to the IRS.
Our fillable Form 3520-A makes the filling process much easier. Simply enter the required information online and download it to your device without extra software.
Form 3520-A is used to report annual information about a foreign trust that has at least one U.S. owner. The form provides the IRS with details about the trust’s income, assets, distributions, U.S. beneficiaries, and U.S. persons treated as owners under the grantor trust rules in Sections 671 through 679.
A foreign trust with at least one U.S. owner should use Form 3520-A to meet annual IRS reporting requirements under Section 6048(b). The trustee is generally responsible for filing the form and providing statements to U.S. owners and beneficiaries. If the foreign trust does not file the form, the U.S. owner must submit a substitute Form 3520-A with their Form 3520.
Form 3520-A due date is generally by March 15 for calendar-year trusts, or the 15th day of the third month after the end of the foreign trust's tax year for fiscal-year trusts. If the foreign trust does not file the form, the U.S. owner must submit a substitute Form 3520-A with Form 3520 by the Form 3520 due date.
An extension may be requested by filing Form 7004 using the trust’s EIN. However, an extension to file does not extend the time to pay any taxes owed.
If Form 3520-A is not submitted, the U.S. owner may face IRS penalties. Form 3520-A penalty is generally equal to the greater of $10,000 or 5% of the gross value of the trust assets treated as owned by the U.S. person. Additional penalties may apply if the failure continues after IRS notification.
Form 3520-A must be filed by mail with the Internal Revenue Service Center in Ogden, Utah, along with the required Foreign Grantor Trust Owner and Beneficiary Statements. The form is generally signed by the foreign trust’s trustee, while substitute Forms 3520-A attached to Form 3520 must be signed by the U.S. owner.
You can get a blank Form 3520-A from the IRS official website or from pdf.net. However, you can edit our fillable form directly on any device.
No, you generally cannot submit the Form 3520-A electronically. The IRS typically requires the completed form and all related statements to be filed by mail. However, you can still prepare the form online and print the final version for mailing to the IRS.
If your Form 3520-A is missing information, the IRS may delay processing or request additional details. Before filing, review the Form 3520-A instructions to ensure the trust information, statements, and attachments are complete. If you already submitted the form, you may need to provide corrected or supplemental information to avoid penalties.
Yes, you can fill out your Form 3520-A online by using pdf.net. Our tool is fully browser-based, meaning you can complete, sign, and download the form without installing software. We use HTTPS connections, so you can rest assured that your information is transferred securely.
This form is free to access and fill out with our online editor. However, you will need to sign up for an account to download the form for filing. Review our pricing page for more details.
Yes, you can correct mistakes on Form 3520-A by filing a superseding or amended return with “Amended” marked at the top, including all corrected information and required statements. If the original was filed late or incorrectly, include an explanation to support any penalty abatement request. Make sure you review a Form 3520-A example to avoid making additional mistakes.
How long it takes to process a Form 3520-A depends on IRS workload, filing accuracy, and whether all required statements and attachments were included. Incomplete or incorrect filings may lead to delays, follow-up notices, or additional review before the IRS finishes processing the return.
Form 3520 is filed by U.S. persons to report transactions with foreign trusts and receipt of foreign gifts. Form 3520-A is filed by the foreign trust itself to report its income, assets, and U.S. beneficiaries. Both are often required together for full IRS compliance.