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FT 3520 What's New Webinar Script Slide 1 Good morning and welcome to Franchise Tax Board s first 2013 webinar. I am Kelly Blush. In today s webinar, we are going to cover the 2013 revisions to our
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What is whats new ftb 3520?
Whats New 3520 is a tax form used to report transactions, gifts, inheritances, and certain foreign trusts.
Who is required to file whats new ftb 3520?
US persons who receive gifts or inheritances from foreign sources, or have an interest in foreign trusts are required to file form FTB 3520.
How to fill out whats new ftb 3520?
The form should be filled out with accurate information regarding gifts, inheritances, or foreign trusts, and submitted to the appropriate tax authorities.
What is the purpose of whats new ftb 3520?
The purpose of FTB 3520 is to report foreign transactions, gifts, inheritances, and trusts to ensure compliance with tax laws and regulations.
What information must be reported on whats new ftb 3520?
Information about gifts, inheritances, certain foreign trusts, and transactions with foreign entities must be reported on form FTB 3520.
When is the deadline to file whats new ftb 3520 in 2023?
The deadline to file FTB 3520 in 2023 is April 15th.
What is the penalty for the late filing of whats new ftb 3520?
The penalty for late filing of FTB 3520 can vary but may include monetary fines or other consequences for non-compliance.
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