PART II $1, 300, 000 gift from Canada to American residents -

David Ingram wrote:
Nelson, Andrew G. wrote:
Actually David, gifts over $100K from foreign persons do need to be
reported on 3520. Failure to do so leads to the same problems as failure
to report RRSPs.


Andrew
 
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david ingram replies:
It drives me nuts when I miss something, especially if it is over $1,000,000.

Nelson is correct, of course. The form speaks for itself.

Form 3520 - Part IV -
Find it at - http://www.irs.gov/pub/irs-pdf/f3520.pdf

david


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Subject: US CANADA $1, 300, 000 gift from Canada to American residents -
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