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Form 3528

Form 3528

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Video instructions and help with filling out and completing Form 3528

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Instructions and help about Form 3528

all right for this video I want to go through a sample form 3520 which is a foreign trust and receipt of foreign gift return and in this example we're going to look at a taxpayer here he's a US citizen and he receives gifts from foreign persons during the year which have to be disclosed on the 3520 so we've got the 3520 we'll we'll go through all the relevant parts and then we have one slide here covering some background on these foreign gifts and then more details on the fact pattern so generally when we see these 352s they're filed because a US person has some kind of relationship or transaction with a foreign trust so you're a beneficiary a grantor but it's also filed by us persons who receive gifts uh from foreign persons so those are non-resident individuals foreign Estates or even gifts from foreign corporations or Partnerships now the filing requirement is triggered if the US person receives gifts of more than $100,

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