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IRS & compliance · Sep 19, 2026

Form 3520 Foreign Gifts and Foreign Trusts: Reporting Large China Family Support

U.S. persons receiving >$100k of gifts from NRA relatives generally file Form 3520 Part IV (lower thresholds for foreign entity “gifts”). Reporting ≠ automatic wage income, but non-filing has penalties. Cary/RTP family compliance notes.

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