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Instructions For Form 3520-A - Annual Information Return Of Foreign Trust With A U.s. Owner - 2016 Page 7

property) from the foreign trust during the tax year, and (b)

instructions must be retained for as long as their contents

included with this Form 3520-A.

may become material in the administration of any Internal

Revenue law.

Exception. Do not complete this statement for a U.S.

person for any portion of the trust of which that U.S.

The time needed to complete and file the form will vary

person is treated as the owner; instead, complete the

depending on individual circumstances. The estimated

Foreign Grantor Trust Owner Statement for that U.S.

average time is:

person (as described above).

The statement must be furnished to the U.S.

Recordkeeping

37 hr., 18 min.

. . . . . . . . . . . . . . . . .

beneficiary no later than the 15th day of the 3rd month

Learning about the law or the

following the end of the trust's tax year or later, if an

form

2 hr., 40 min.

. . . . . . . . . . . . . . . . . . . . . . . . .

extension of time to file is granted. See When and Where

Preparing and sending the form to

To File, earlier.

the IRS

3 hr., 24 min.

. . . . . . . . . . . . . . . . . . . . . . .

Identification numbers and addresses. See the

instructions for Part I, earlier, for information on entering

identification numbers and addresses.

If you have comments concerning the accuracy of

these time estimates or suggestions for making this form

Paperwork Reduction Act Notice. We ask for the

simpler, we would be happy to hear from you. You can

information on this form to carry out the Internal Revenue

send us comments from Click on

laws of the United States. You are required to give us the

“More Information” and then on “Give us feedback.” Or

information. We need it to ensure that you are complying

you can send your comments to: Internal Revenue

with these laws and to allow us to figure and collect the

Service, Tax Forms and Publications Division, 1111

right amount of tax.

Constitution Ave. NW, IR-6526, Washington, DC 20224.

You are not required to provide the information

Do not send the form to this office. Instead, see When and

requested on a form that is subject to the Paperwork

Where To File, earlier.

Reduction Act unless the form displays a valid OMB

control number. Books or records relating to a form or its

-7-

Instructions for Form 3520-A (2016)

Instructions For Form 3520-A - Annual Information Return Of Foreign Trust With A U.s. Owner - 2016 Page 7

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