The Benefits of Timely Reporting Foreign Inheritance to IRS and Its Impact on Your Finances Prompt reporting of foreign inheritance to the IRS can greatly affect a person's monetary landscape. By understanding the coverage needs, one can prevent legal difficulties and prospective penalties - penalties for not filing Form 3520. https://shanegctkz.wiki-cms.com/7907410/common_penalties_for_not_filing_form_3520_and_how_to_avoid_them