How to file Form 3520 On Form 3520 , is it necessary to check the "Initial return" box for Item A, if on line B the "Individual" box is checked as well as the 4th box "You are a US person, who [...] received certain gifts or bequests from a foreign person"? Instructions (page 6) mention that check boxes of Item A pertain to filing for a foreign trust. Is this correct? Also, once the form has been submitted to the IRS, do they confirm this with a receipt/letter? |