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sofihne
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Do I need to file form 3520?

Do I need to file 3520 if I own a bank account and a stock account in a foreign country where the distributions from my stock is deposited into a foreign bank account?

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‎June 1, 2019 10:45 AM
last updated ‎June 01, 2019 10:45 AM
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MinhT
Expert Alumni
Expert Alumni

Do I need to file form 3520?

In your case, you do not have to file form 3520.

You may have to file form 8938 and a FBAR.

https://www.irs.gov/businesses/corporations/do-i-need-to-file-form-8938-statement-of-specified-forei...

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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‎June 1, 2019 10:45 AM
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MinhT
Expert Alumni
Expert Alumni

Do I need to file form 3520?

In your case, you do not have to file form 3520.

You may have to file form 8938 and a FBAR.

https://www.irs.gov/businesses/corporations/do-i-need-to-file-form-8938-statement-of-specified-forei...

https://www.irs.gov/businesses/small-businesses-self-employed/report-of-foreign-bank-and-financial-a...

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 1, 2019 10:45 AM
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