Form 3520 (Annual Return To Report Transactions With Foreign Trusts
and Receipt of Certain Foreign Gifts) is only required to be filed if
you were a United States taxpayer (citizen or resident alien) and recipient of a gift(s) from a foreign national(s) in annual
excess of $100,000, or if you were such a person and the owner of a foreign trust account
or entity, or had financial interactions with such a foreign trust.
It
does not apply to any other foreign bank or financial accounts, or to
the many other circumstances that a US taxpayer may have, or encounter,
with overseas financial transactions. It also does not apply to nonresident aliens.
So, for the specific example of
your case, therefore, if you are classified under US tax law as a nonresident alien, conducting the type of money movement transfer you describe, then there will be no need for you (or anyone else for that matter) to file a Form 3520.
You are very welcome to confirm this conclusion, for yourself, by reading Pages 1 and 2 of the Form 3520 instructions. A courtesy link to that document is provided below for reference:
https://www.irs.gov/pub/irs-pdf/i3520.pdf
Thank you for asking this important question.
