The Advantages of Timely Reporting Foreign Inheritance to IRS and Its Impact on Your Finances Prompt reporting of foreign inheritance to the IRS can substantially influence an individual's financial landscape. By understanding the coverage demands, one can prevent possible penalties and legal difficulties - penalties for not filing Form 3520. https://personalinjurylawyer26656.shivawiki.com/7705181/form_3520_foreign_gift_frequently_asked_questions