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Issue 41230

Foreign Trusts IRS Penalty Notices For Late Forms

Issue Statement:

IRS instructions are unclear regarding the due date of substitute Form 3520-A. As a result taxpayers are being charged penalties for failure to file.

Goal Statement:

To correct IRS instructions to clarify the due date of substitute Form 3520-A.

TAP RECOMMENDATION

Correct both:

(1) the instructions for Form 3520, and

(2) the instructions for Form 3520-A

to make the due date of substitute Form 3520-A clear

IRS Action:Monitoring IRS Action

We will adopt the suggestion to clarify the due date for filing a substitute Form 3520-A in the Instructions for Form 3520 and the Instructions for Form 3520-A.

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2022 TAP Annual Report

The 2022 TAP Annual Report highlights our key recommendations to improve IRS customer service and summarizes our key accomplishments and activities, including the 201 recommendations submitted to the IRS in 2022.

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