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mike12sd · **IRS form 3520 -** 12-04-2007

If you receive more than $105,000 from a foreign source gift, you must report it to the IRS on Form 3520. You only fill out pages 1 & 6. Should take you about 20 minutes. You do not have to pay any tax on the gift if you report it properly.

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mike12sd Member Status: Offline Posts: 40 Blog Entries: 2 Join Date: Dec 2007	IRS form 3520 - 12-04-2007 If you receive more than $105,000 from a foreign source gift, you must report it to the IRS on Form 3520. You only fill out pages 1 & 6. Should take you about 20 minutes. You do not have to pay any tax on the gift if you report it properly.