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Submit the completed SMIL form to the relevant authority or organization as instructed.
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What is s m i l?
Form 3520, also known as s m i l, is used to report certain transactions with foreign trusts.
Who is required to file s m i l?
U.S. persons who have had a transfer of property to a foreign trust are required to file s m i l.
How to fill out s m i l?
s m i l can be filled out online or by mail, following the instructions provided by the IRS.
What is the purpose of s m i l?
The purpose of s m i l is to report transactions with foreign trusts to the IRS.
What information must be reported on s m i l?
s m i l requires information about the trust, the transfer of property, and any income generated.
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