chapguy19
Level 4
10-03-2022
01:06 PM
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but ProSeries doesn't offer that form.
Best Answer Click here
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sjrcpa
Level 15
10-03-2022
01:29 PM
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How much is set aside in his name? That can be totally different than the $9K he received.
And the FBAR threshold is $10,000 or more at any time during the year.
The more I know the more I don’t know.
sjrcpa
Level 15
10-03-2022
01:31 PM
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The 3520 is a separate filing, on paper. You can get it at irs.gov
The more I know the more I don’t know.
chapguy19
Level 4
10-03-2022
02:05 PM
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If the FinCEN is only required when if he has financial authority or signature authority. He has neither.
sjrcpa
Level 15
10-03-2022
02:15 PM
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If he received $9,000 from it, might he be an actual owner?
Might PW know more than we do?
The more I know the more I don’t know.
chapguy19
Level 4
10-05-2022
11:00 AM
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Thanks for your reply.
I'm not going to fill out a 114 since he neither had $10,000 of financial authority or signature authority. The money was moved from one trust to another.
Thanks, Christopher
