foreign trust

American citizen living in Canada

Forms 3520-3520-A: RESP tax relief

The Rev. Proc. 2020-17 filed in 2020 provides tax relief for certain foreign trusts, such as RESPs, that would qualify.

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American citizen living in Canada

Forms 3520 and 3520-A: avoid penalties

As a US citizen or resident of the United States, you must complete Form 3520 in order to postpone your transactions with a foreign trust.

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