Serbinski Accounting Firms

Hi all- Regarding my earlier question about filling out part III of form 3520, I spoke with the tax lady (who works for a very large international tax firm with a square green logo) and she said their line was to put "yes" for line 29; that is, yes I have recieved a Foreign Grantor Trust B...

OK, thanks again!

Thanks CdnAmerican and Diskdoctor. I agree that if the trust gave me any statement at all, it would be a Foreign Grantor Trust owner Statement, not a Foreign Grantor Trust Beneficiary Statement. That's what I filled out on my self-prepared 3520-A. However, line 29 asks about a Foreign Grantor Trust ...

Hi all- I hae read all the previous posts and am still not understanding part III of 3520. I closed my TFSA in 2012 but it sounds like the IRS wants me to pay an interest penalty because the whole "trust corpus" (original investment) was returned in 2012, rather than being equally distribu...