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jgotamco
New Member

Do I file irs form 3520 if amount I will be recieving(gift) from a foreign person is less than $100,000? How do i file this and how do i get proof the IRS got the form?

 
2 Replies
DoninGA
Level 15

Do I file irs form 3520 if amount I will be recieving(gift) from a foreign person is less than $100,000? How do i file this and how do i get proof the IRS got the form?

If the gift received is less than $100,000 from a foreign individual you are not required to file an IRS Form 3520

PaulaM
Employee Tax Expert

Do I file irs form 3520 if amount I will be recieving(gift) from a foreign person is less than $100,000? How do i file this and how do i get proof the IRS got the form?

As DoninGa indicated, you are not required to file the Form 3520 if the gift is less than $100k. 

 

Form 3520 IRS information

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