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Get the free 2017 Form 3520-A. Annual Information Return of Foreign Trust With a U.S. Owner (Unde...

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Form3520ADepartment of the Treasury Internal Revenue ServiceAnnual Information Return of Foreign Trust With a U.S. Owner OMB No. 154501602017(Under section 6048(b))Go to www.irs.gov/Form3520A for
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How to fill out 2017 form 3520-a annual

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How to fill out 2017 form 3520-a annual

01
To fill out the 2017 Form 3520-A annual, follow these steps: 1. Start by entering your name, Social Security number, and address at the top of the form.
02
Provide the name, address, and Employer Identification Number (EIN) of the foreign trust that is required to file Form 3520-A.
03
Complete Part I by providing information about the U.S. agent, if applicable.
04
In Part II, provide details about the foreign trust, including its name, address, and country of organization.
05
Complete Part III by providing information about the foreign grantor, if applicable. Include their name, address, and relationship to the trust.
06
In Part IV, report any distributions from the trust to the U.S. beneficiaries during the tax year.
07
Complete Part V by providing details about the trust's income, deductions, and taxes paid or withheld during the tax year.
08
If the trust engages in any prohibited transactions or has any disqualified persons involved, provide details in Part VI.
09
Sign and date the form, and attach any required supporting documentation.
10
Keep a copy of the completed form and supporting documents for your records.

Who needs 2017 form 3520-a annual?

01
Individuals and entities who meet the following criteria need to file the 2017 Form 3520-A annual:
02
- U.S. persons treated as the owner of a foreign trust for U.S. tax purposes
03
- U.S. beneficiaries of a foreign trust who received a distribution or were entitled to a distribution during the tax year
04
It is important to consult the IRS guidelines or a tax professional to determine if you are required to file this form.
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Form 3520-A is an information return required to be filed by foreign trusts with at least one US beneficiary.
The US person who is the responsible party for reporting the transactions of a foreign trust or the trust itself.
Form 3520-A must be filled out with information about the trust's income, distributions, and beneficiaries.
The purpose of Form 3520-A is to report the activities of a foreign trust with at least one US beneficiary.
Information such as the trust's income, distributions, contributions, and beneficiaries must be reported on Form 3520-A.
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