Annual Information Return of Foreign Trust with a U.S. Owner
Tax form 3520-A is filed annually by a U.S. owner of a foreign trust to provide information about the trust, its U.S. beneficiaries, any U.S. person who is treated as an owner of any portion of the foreign trust, and also income of the trust which must be reported on the owner’s return. It is similar to an income tax return that a U.S. trust would file. IRS form 3520-A provides the full and complete accounting of all activities for the year, the name of the U.S. agent for the trust and other specifics the IRS requests about the trust.