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Get your taxes done using TurboTax
Hi @fanfare I wish that is the case.
As @DaveF1006 mentioned above, as US resident I have to report foreign gift on form 3520. However, I was not a resident under tax purpose in 2018, just mistakenly filed as one. So I was thinking of amending the 2018 tax, and never have to worry about the penalty from not filing form 3520 anymore.
Do you know if I will get any penalty if I amend the 2018 tax now? I am fine with paying back the tax refund I got for 2018, just worried about the penalty in particular
March 27, 2022
7:17 PM