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That's a good question you ask. The answer to it is that that if your name appears on the account as a joint owner, and you are a United States taxpayer (either a citizen or resident alien), and the total amount of the foreign gifts received exceeds $100,000, then you are required to file Form 3520.
Complying with Form 3520 shouldn't be too difficult either, as there is never any tax directly due when filing it. All it really costs, then, is a stamp and the time necessary to complete the form. Fortunately, despite being 6 pages long, it's a relatively easy disclosure, as far as such IRS tax forms are concerned.
For reference, here are some courtesy links to Form 3520 and its instructions:
https://www.irs.gov/pub/irs-pdf/f3520.pdf
https://www.irs.gov/pub/irs-pdf/i3520.pdf
https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements
If you are not already familiar with these foreign financial account disclosure rules (which apply to US citizens, as well as resident aliens), then you are respectfully encouraged to learn more about them, as the US Internal Revenue Service has become increasingly vigilant in enforcing these offshore financial account rules in recent years.
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