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Webinar: Your Client Received a Foreign Gift, but Filed Form 3520 Late – How to Respond to the 25% Penalty

Tax Form 3520 is an information form used by

  • U.S. beneficiaries to report receipt of distributions from foreign trusts,
  • U.S. grantors to report ownership of the income and assets of foreign trusts, or
  • U.S. persons who receive large gifts from foreign persons.

It is important to file the form correctly and timely in order to avoid harsh penalties. This program will cover a practical approach for when the form is filed late by a person receiving a large gift from a foreign donor and finds that a 25% penalty is assessed.

HOST/MODERATOR

  • Jonathan I. Shenkman, Associate Director of Investments/Financial Advisor - Oppenheimer & Co. Inc.

SPEAKERS

Date & Time

Tuesday, November 29
8:30 A.M. – 9:00 A.M.

Location

Online

Link to Webinar Provided Upon Registration


For questions regarding this and other Ruchelman events, contact marketing@ruchelaw.com.