Do you receive donations from outside the United States? Look out for IRS Form 3520.

Form 3520, also known as the "Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts", is a crucial document for US citizens and residents who have financial relationships with foreign trusts or who receive significant gifts from foreign sources. This form is required by the Internal Revenue Service (IRS) and has ...

Do you receive donations from outside the United States? Look out for IRS Form 3520. Read More »