Form 3520 gift from foreign person

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tdiddy
Posts: 10
Joined: Thu Oct 17, 2013 12:16 am

Form 3520 gift from foreign person

Post by tdiddy » Wed Feb 28, 2018 8:02 pm

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.

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