International Tax IssuesAnswered

What is Form 3520-A and when does a foreign trust need to file it?

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james_gb_f032subscriber
December 11, 2023 742 views 1 answer
form 3520-Aforeign trusttrusteebeneficiary reportingsubstitute filing

My family has a trust set up in the UK that I'm a beneficiary of. I've been filing Form 3520 to report distributions I receive, but my tax advisor mentioned the trust itself might need to file Form 3520-A. The trust is managed by a UK trustee and has multiple beneficiaries, some of whom are U.S. persons. Who is responsible for filing this form and what happens if the foreign trustee refuses to cooperate?

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