3520 - initial return box not checked

[kws33]

I just realized the initial return box should have been checked. The 3520 was filed to record a foreign gift. I thought the initial return only applied to trusts. What should I do?

[Anonymous_]

@pk?

[pk · Accepted solution]

@kws33  , for individuals recognizing  gifts  etc. from a foreign person / estate / etc. , there is ONLY one  filing -- there is no initial  / final 3520.

Since you have already filed, don't worry about it -- just rest easy.   If the IRS needs something they will definitely come back.  Consider that you are done for the year.

pk