MarilynG1
Expert Alumni

Deductions & credits

You need to print and mail Form 3250.  It isn't part of your regular tax return. 

 

A penalty applies if Form 3520 is not timely filed or if the information is incomplete or incorrect (there can be an exception if there is reasonable cause).

 

No penalties will be imposed if the taxpayer can demonstrate that the failure to comply was due to reasonable cause and not willful neglect.

 

Click this link for more detailed Instructions for Form 3250.

 

@Shogun159 

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