Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more ... Tax Implications of Foreign Trust Classification.

Who Must File.Generally, foreign trusts have an obligation to file a Form 3520-A with the IRS if the trust has a U.S. person who falls under the grantor trust rules.

Activities within a foreign trust are reported on IRS Form 3520 – Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, or IRS Form 3520-a – Annual ...

U.S. persons who make contributions to or receive distributions from a foreign trust must report these transactions on IRS Form 3520, Annual Return to Report Transactions With Foreign Trusts and ...

Matthew F. Erskine is a trusts and estates attorney. Follow Author. Mar 17, 2025, 01:45pm EDT. Share. Save. Book with title Report of Foreign Bank and Financial Accounts ... When the IRS ...