Identify Form 3520 filing obligations and generate a validated draft.
npx skills add https://github.com/jupid-tax/jupid-skills --skill form-3520
Please help me install this Agent Skill. Skill: form-3520 Source: https://github.com/jupid-tax/jupid-skills/tree/main/forms/form-3520 Command: npx skills add https://github.com/jupid-tax/jupid-skills --skill form-3520
US persons dealing with foreign trusts and gift reporting often face complex, error-prone Form 3520 requirements. This Skill delivers a structured, audit-grade draft and workflow to ensure correct Part I–IV selections, proper data collection, currency translations, and coordination with Form 3520-A substitutes when a trust does not file its own return.
Generate a ready-to-file Form 3520 draft using the provided trust and donor data.
High-intent search queries and answers about installing and using this skill.
Form 3520 filing obligations are identified by evaluating US filer triggers across Parts I through IV. The Skill assesses your foreign trust distributions, ownership, and gift thresholds to determine the exact sections required for your IRS reporting.
A substitute Form 3520-A is needed when a foreign trust fails to file its own return. The Skill provides Part II coordination guidance, advising when to attach the substitute form and how to structure the required beneficiary statements and trustee data.
Preparing a Form 3520 draft involves mapping trust and donor data to line items with proper currency translations. The Skill generates a validated draft with cross-checks across Parts I-IV, ensuring accurate currency conversions and required attachments.
Form 3520 filing thresholds for foreign gifts vary by donor type and amount, triggering reporting under Parts III and IV. The Skill identifies these specific threshold triggers based on your provided donor data to confirm whether filing is required.
The Form 3520 workflow includes validation and compliance guards that perform consistency checks across all parts. It highlights potential penalty considerations and ensures printing and filing prep meet IRS standards before final submission.
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