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I'm in a weird situation, where over the course of the past year, I've been purchasing items on behalf of a relative in a foreign country using money that he has been transferring to me.

The money exceeds the amount for the 3520 form ($100,000), but since the money that flowed through me didn't ultimately end up in my pockets, do I still file the 3520? I've been basically the middle-man in which I purchased on behalf of somebody else using his/her money coming into my account. Thanks!

  • Seems like money laundering.... but regardless, you only pay tax on money you received. Read the instructions for the 3520 and fill it out if required. Keep really good records regardless so you can explain why you didn't file it if it's not required. – xyious Mar 22 at 19:04

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