IRS to target foreign trust reporting

United States citizens and other residents of the United States with foreign trusts requiring the annual filing of such forms as Form 3520 and Form 3520-a have been selected by the IRS Large Business and International division (LB&I) for six compliance campaigns. 

The campaigns were announced on 21 May 2018 and will target international businesses and individuals, as well as withholding agents and non-resident aliens with effectively connected income (ECI) and fixed determinable annual periodical (FDAP) income.