The Benefits of Timely Reporting Foreign Inheritance to IRS and Its Effect on Your Finances Timely reporting of foreign inheritance to the IRS can significantly affect an individual's economic landscape. By recognizing the coverage demands, one can stay clear of legal problems and potential fines - Form 3520 foreign gift. https://realestatecontract38260.getblogs.net/70010339/simplifying-foreign-gift-tax-reporting-requirements-for-u-s-taxpayers