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    The document reminds U.S. owners, agents, and preparers of foreign trusts about filing requirements for Form 3520-A. Form 3520-A with information on the foreign trust's activities is due by March 15th of the year following the trust's tax year. U.S. owners are responsible for ensuring the trust files Form 3520-A and provides statements to owners and beneficiaries. Each foreign trust needs an Employer Identification Number, obtained by filing Form SS-4. Forms are mailed to an IRS center in Philadelphia.

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    The document reminds U.S. owners, agents, and preparers of foreign trusts about filing requirements for Form 3520-A. Form 3520-A with information on the foreign trust's activities is due by March 15th of the year following the trust's tax year. U.S. owners are responsible for ensuring the trust files Form 3520-A and provides statements to owners and beneficiaries. Each foreign trust needs an Employer Identification Number, obtained by filing Form SS-4. Forms are mailed to an IRS center in Philadelphia.

    Copyright:

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    98 views1 page

    Foreigntrust

    Uploaded by

    IRS
    The document reminds U.S. owners, agents, and preparers of foreign trusts about filing requirements for Form 3520-A. Form 3520-A with information on the foreign trust's activities is due by March 15th of the year following the trust's tax year. U.S. owners are responsible for ensuring the trust files Form 3520-A and provides statements to owners and beneficiaries. Each foreign trust needs an Employer Identification Number, obtained by filing Form SS-4. Forms are mailed to an IRS center in Philadelphia.

    Copyright:

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    DEPARTMENT OF THE TREASURY

    INTERNAL REVENUE SERVICE


    Washington, D.C. 20224

    SMALL BUSINESS/SELF-EMPLOYED DIVISION

    Reminder to U. S. Owners of a Foreign Trust

    WASHINGTON -- The Internal Revenue Service (IRS) would like to remind


    all U.S. Owners, U.S. Agents, and Preparers of the filing requirements applicable to
    Form 3520-A, “Annual Information Return of Foreign Trust with a U.S. Owner
    (Under section 6048(b)).”

    ° A Form 3520-A reporting information on Foreign Trust activities is required to


    be filed by the 15th day of the third month following the end of the trust’s tax
    year. As a result, Form 3520-A for a foreign trust with a tax year ending
    December 31, 2001 is due on March 15, 2002. Each U.S. person treated as
    an owner of the Foreign Trust is responsible for ensuring that the foreign
    trust files the Form 3520-A and that the trust annually furnishes copies of the
    Foreign Grantor Trust Owner Statement and the Foreign Grantor Trust
    Beneficiary Statement to the U.S. owners and U.S. beneficiaries.

    ° A Form 2758, “Application for Extension of Time to File Certain Excise,


    Income, Information, and Other Returns,” must be filed with the IRS by the
    due date of Form 3520-A in order for it to be considered for approval.

    ° Every foreign trust is required to have its own Employer Identification


    Number (EIN) to place in Part 1, Line 1b of Form 3520-A. You can obtain an
    EIN by filing Form SS-4, “Application for Employer Identification Number”,
    with the IRS. To receive an EIN by telephone, complete Form SS-4, then
    call the Tele-TIN unit at 215-516-6999 (not toll free).

    ° Forms SS-4, 3520-A and 2758 are to be mailed to the following address.
    Internal Revenue Service Center
    Philadelphia, Pennsylvania 19255

    X X X

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