Home | Blog | New IRS Revenue Procedures for Forms 3520 & 3520A

New IRS Revenue Procedures for Forms 3520 & 3520A

Please read the updated post Revenue Procedure 2020-17 Explained – Forms 3520 & 3520A

The Internal Revenue Service has stated that it intends to issue a Revenue Procedure later this 3520 & 3520Amonth that will relieve individual taxpayers from filing Forms 3520 & 3520A with respect to certain foreign retirement plans.

The IRS has also indicated that individuals who have been penalized for failure to file these forms may be able to have these penalties abated, or if penalties have been paid to receive a refund, if the relevant tax years are still “open” years.

It is not yet clear whether this new Procedure will apply to forms that must be filed for the 2019 tax year.

We will update this blog as soon as the details become clear.

If you have any questions, please contact us.

Here to Help

Here to Help

Contact one of our specialists

London
US Tax & Financial Services Ltd
3 Harbour Exchange Square
London E14 9GE
United Kingdom

T: +44 20 7357 8220

F: +44 20 7357 8225

Email Us

Zurich
US Tax & Financial Services Sarl
Brandschenkestrasse 20
CH-8001 Zurich
Switzerland

T: +41 44 387 8070

F: +41 44 387 8079

Email Us

Geneva
US Tax & Financial Services Sarl
Blvd. Helvetique 36
CH 1207
Geneva
Switzerland

T: +41 22 700 2500

F: +41 22 700 2526

Email Us

Middle East, Asia and the Americas
US Tax & Financial Services GmbH
Löwenstrasse 28
PO Box 1367
CH-8021 Zurich
Switzerland

T: +41 44 387 8070

F: +41 44 387 8079

Email Us

Nordics
US Tax & Financial Services Ltd / MAJATTORNEY
Norra Skeppsbron 5B
SE 803 10, GAVLE
Sweden

T: +46 26 18 82 22

M: +46 70 61 88 016

Email Us