Just wondering what IRS means by "a person related to a foreign corporation"
If an alien gives gift US resident from their after tax personal account, and said alien owns a CCPC does that make that mean the ~15K reporting cutoff for form 3520 applies? Or would this only be the case if the funds were coming directly from the CCPC.
Form 3520 gift from foreign person
Moderator: Mark T Serbinski CA CPA