Three quick questions about form 3520 and 709
1. If I transfer money to myself above 100k between two different US bank accounts or between one US bank account and one oversea bank account. Do I need to fill form 3520? I assume no need because it is within my name.
2. I assume form 3520 is only for US person. If I become non-US person (non resident alien, for example), can I directly ignore 3520 in term of money transfer threshould?
3. If I transfer money less than 167000 to my non-US citizen wife, I assume I do not need to fill in form 709, is it correct? I think money transfer belongs to present interests?
Please correct me if any of my understanding is wrong. If not, pleae tell me they are all correct.
Many thanks,
H
