3107023

Form 3520 filing threshold

I have read there's a 100k filing threshold for form 3520 if coming from foreign person during tax year. I am now thinking of splitting my gift into 90k in December and 90k in January. Am I still required to file 3520? Or I just file it to avoid potential headache.

posted

Connect with an expert

1 Best answer

Accepted Solutions

Form 3520 filing threshold

Either option is open to you.

View solution in original post

1 Reply

Form 3520 filing threshold

Either option is open to you.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post