Award-winning global customer service.
★★★★★ 5/5
Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.

Form 3520 and 3520-A: Foreign Trust and Foreign Gift
If you own a foreign trust and you are a US person, you need to file Form 3520-A annually. In the following situations, you need to file a Form 3520 with the IRS.
The deadline for Form 3520 and Form 3520-A is the same as your income tax return. The penalty of not filing or late filing Form 3520 and Form 3520-A is 5% of the gift or bequest for each month during which the failure continues, up to a maximum of 25% of the gift. You will receive a CP15 if you failed to file the forms before the IRS catches you. The penalty is a civil penalty and can only be abated with reasonable causes.
Please contact Dimov Tax team at hello@dimovtax.com or (833) 829-1120 if you need more information or assistance with this matter. We are licensed to assist with filing these forms, fighting penalties, applying for abatements, or consulting on applicability of this regulation to your case.
* US persons refer to not only US citizens or green card holder. Foreigners who live in the US more than 183 days without exemption are also considered as US persons.
Call us today at (866) 681-2140, email us at info@dimovtax.com, or fill out the form and we’ll get in touch immediately.
"*" indicates required fields
Dimov Tax is rated 5 stars on all major review platforms including Google, Yelp, Facebook, Angie’s List, Better Business Bureau, TaxBuzz, Thumbtack, Upwork, Bark, and much more.