Form 3520-A

What Is Form 3520-A?

The 3520 A form is also called the Annual Information Return of Foreign Trust With a U.S. Owner. The form meets section 6048(b) IR Code. No matter whether the foreign trust is located, the document must still be filled in English, and the currency must be US dollars. The form was created and provided by the Department of the Treasury Internal Revenue Service to register the businesses that come from the outside and work on the US territory.

The document requires information on the foreign trust balance sheet, trust income attributed to the owner in the US, grantor trust beneficiary statement, and even data on the official agent that represents the foreign business. There is a strict deadline for the form, and you have to provide the annual information on the taxes that were paid to the US treasury department.

You will find detailed form 3520-A instructions on PDFLiner within the document itself or you may go to the IRS and search for the separate document with instructions. Before you complete anything, learn the details. The form is not that simple and requires some time for learning.

What Do I Need the Form 3520-A For?

• The IRS form 3520 A is required by the Internal Revenue Service in the first place. The department has to record the business that works inside the US territory and has foreign trust. All the foreign assets must be reported in the form;
• You have to provide the filled template to the IRS if you are the owner of the business in the US territory. Make sure that the general information and the tax report are filled appropriately;
• Representatives of the foreign trust have to use the form to provide the data on the trust income, including dividends and interest rate, and even the expenses that were made.

How to Fill Out Form 3520-A?

An IRS form 3520-A consists of five pages that must be filled with information on the company’s income, foreign trust, foreign representative, and the local business owner. This is not that simple and may need the help of a professional.

If you decide to fill it by yourself, you can use PDFLiner which offers all the editing tools to complete sections. This editor also allows you to print the form once it is ready, save it on your device, or send it to all recipients that must receive it. The main recipient of the form is the IRS. You have to make sure that you’ve sent it after all the numbers are calculated and double-checked before the deadline. To complete the document follow these simple form 3520 A instructions:

1. Mention the year you report the taxes. Pick the appropriate box on the type of the report and put a tick there;
2. Provide information about the trust, including the name, address, foreign postal code, country, date of creation, and EIN of the person responsible for it;
3. Read the statement in section 2 and put the tick in the appropriate box near the right statement;
4. Provide information about the US agent, including the name, address, can country;
5. Provide information about the trustee, including the name and address;
6. Write down the number of the grantor trust owner statements and trust beneficiary statements;
7. Put your signature and current date;
8. Include information on the foreign trust income in part 2;
9. Describe the foreign trust balance in part 3;
10. Fill down the foreign grantor trust owner statement.

Organizations That Work With Form 3520-A

• Department of the Treasury Internal Revenue Service.