The Benefits of Timely Reporting Foreign Inheritance to IRS and Its Impact on Your Funds Prompt reporting of international inheritance to the IRS can substantially affect an individual's economic landscape. By recognizing the reporting requirements, one can stay clear of prospective penalties and lawful issues - Form 3520 foreign gift. https://business-law23325.blogchaat.com/37798233/penalties-for-not-filing-form-3520-what-taxpayers-must-know