Instructions for Form 3520›(Rev. December 2025)›General Instructions
Additional Reporting and Tax Information
1225 Inst 3520 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States
For more information on large gifts or bequests from foreign persons, go to IRS.gov/Businesses/Gifts-From- Foreign-Person . For more information on foreign trust reporting requirements and tax consequences, go to IRS.gov/ForeignTrust .
You may be required to file Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts (FBAR). In addition, you may be required to file Form 8938, Statement of Specified Foreign Financial Assets. For more information, go to IRS.gov/FBAR .
• Transfers to foreign trusts that have a current
determination letter from the IRS recognizing their status
as exempt from income taxation under section 501(c)(3).
Deemed transfers from domestic trusts that become foreign trusts to the extent the trust is treated as owned by a foreign person, after application of section 672(f).
Distributions from foreign trusts that are taxable as compensation for services rendered (within the meaning of section 672(f)(2)(B) and its regulations), so long as the recipient reports the distribution as compensation income on its applicable federal income tax return.
Distributions from foreign trusts to domestic trusts that have a current determination letter from the IRS recognizing their status as exempt from income taxation under section 501(c)(3).
Transfers to, ownership of, and distributions from a Canadian registered retirement savings plan (RRSP), a Canadian registered retirement income fund (RRIF), or
2 Instructions for Form 3520 (Rev. 12-2025)
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