Publication 54: Tax Guide for U.S. Citizens and Resident Aliens Abroad; Filing Information

This is archived information that pertains only to the 2003 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Table of Contents

Topics - This chapter discusses:

Whether you have to file a return,
When to file your return and pay any tax due,
How to treat foreign currency,
Where to file your return,
When you can treat your nonresident spouse as a resident,
When you may have to make estimated tax payments, and
Information returns and reports you may have to file.

Useful Items - You may want to see:

Form (and Instructions)

1040–ES Estimated Tax for Individuals
1040X Amended U.S. Individual Income Tax Return
2350 Application for Extension of Time To File U.S. Income Tax Return
2555 Foreign Earned Income
2555–EZ Foreign Earned Income Exclusion
2688 Application for Additional Extension of Time To File U.S. Individual Income Tax Return
3520 Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts
4790 Report of International Transportation of Currency or Monetary Instruments
4868 Application for Automatic Extension of Time To File U.S. Individual Income Tax Return
5471 Information Return of U.S. Persons With Respect To Certain Foreign Corporations
8822 Change of Address
8865 Return of U.S. Persons With Respect to Certain Foreign Partnerships
SS–5 Application for a Social Security Card
TD F 90–22.1 Report of Foreign Bank and Financial Accounts
W–7 Application for IRS Individual Taxpayer Identification Number

If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and for paying estimated tax are generally the same whether you are in the United States or abroad.

Your income, filing status, and age generally determine whether you must file an income tax return. Generally, you must file a return for 2003 if your gross income from worldwide sources is at least the amount shown for your filing status in the following table.

Filing Status*		Amount
Single		$7,800
65 or older		$8,950
Head of household		$10,050
65 or older		$11,200
Qualifying widow(er)		$12,550
65 or older		$13,500
Married filing jointly		$15,600
Not living with spouse at end of year		$3,050
One spouse 65 or older		$16,550
Both spouses 65 or older		$17,500
Married filing separately		$3,050
*If you are the dependent of another taxpayer, see the instructions for Form 1040 for more information on whether you must file a return.

Gross income.

This includes all income you receive in the form of money, goods, property, and services that is not exempt from tax.

For purposes of determining whether you must file a return, gross income includes any income that you can exclude as foreign earned income or as a foreign housing amount.

If you are self-employed, your gross income includes the amount on line 7 of Schedule C (Form 1040), Profit or Loss From Business, or line 1 of Schedule C–EZ (Form 1040), Net Profit From Business.

Self-employed individuals.

If your net self-employment income is $400 or more, you must file a return even if your gross income is below the amount listed for your filing status in the table shown earlier. Net self-employment income is defined in Publication 533, Self-Employment Tax.

If you file on the calendar year basis, the due date for filing your return is April 15 of the following year. If you file on a fiscal year basis (a year ending on the last day of any month except December), the due date is 3 months and 15 days after the close of your fiscal year. In general, the tax shown on your return should be paid by the due date of the return, without regard to any extension of time for filing the return.

A tax return delivered by the U.S. mail or a designated delivery service that is postmarked or dated by the delivery service on or before the due date is considered to have been filed on or before that date. See your Form 1040 or Form 1040A instructions for a list of designated delivery services.

You can get an extension of time to file your return. In some circumstances, you can also get an extension of time to file and pay any tax due.

However, if you pay the tax due after the regular due date, interest will be charged from the regular due date until the date the tax is paid.

Automatic 2-month extension.

You may be allowed an automatic 2-month extension to file your return and pay any federal income tax that is due. You will be allowed the extension if you are a U.S. citizen or resident, and on the regular due date of your return:

You are living outside of the United States and Puerto Rico and your main place of business or post of duty is outside the United States and Puerto Rico, or
You are in military or naval service on duty outside the United States and Puerto Rico.

If you use a calendar year, the regular due date of your return is April 15.

4-month extension.

If you are not able to file your return by the due date, you generally can get an automatic 4-month extension of time to file. To get this automatic extension, you must file Form 4868. Or, you can file Form 4868 electronically (e-file) by telephone, using your personal computer, or through a tax professional. For more information about filing electronically, see the form instructions.

The form must show your properly estimated tax liability based on the information available to you.

You may not be eligible. You cannot use the automatic 4-month extension of time to file if:

You want the IRS to figure your tax, or
You are under a court order to file by the regular due date.

Previous 2-month extension.

If you cannot file your return within the automatic 2-month extension period, you generally can get an additional 2-month extension of time to file your return, for a total of 4 months. The automatic 2-month extension and the 4-month extension start at the same time. You do not have to request the 4-month extension until the new due date allowed by the first extension, but the total combined extension will still only be 4 months from the regular due date.

Time to pay not extended.

A 4-month extension of time to file is not an extension of time to pay. You must make an accurate estimate of your tax based on the information available to you. If you find you cannot pay the full amount due with Form 4868, you can still get the extension. You will owe interest on the unpaid amount.

You also may be charged a penalty for paying the tax late unless you have reasonable cause for not paying your tax when due. Interest and penalties are assessed (charged) from the original due date of your return.

Extension beyond 4 months.

If you file Form 4868 and you later find that you cannot file within the 4-month extension period, you may be able to get 2 more months to file, for a total of 6 months.

You can apply for an extension beyond the 4-month extension either by sending a letter to the IRS or by filing Form 2688 . You should request the extension early so that, if refused, you still will be able to file on time. Except in cases of undue hardship, Form 2688 or a request by letter will not be accepted unless you have first filed Form 4868. Form 2688 or your letter will not be considered if you send it after the extended due date.

To get an extension beyond the automatic 4-month extension, you must give all the following information.

Your reason for requesting the extension.
The tax year to which the extension applies.
The amount of additional time you need.
Whether you have already requested another extension for time to file for this tax year.

You can sign the request for this extension, or it can be signed by your attorney, CPA, enrolled agent, or a person with a power of attorney. If you are unable to sign the request because of illness or for another good reason, a person in close personal or business relationship to you can sign the request.

Extension granted.

If the IRS approves your application for this extension, you will be notified.

If an extension is granted and the IRS later determines that the statements made on your request for this extension are false or misleading and an extension would not have been granted based on the true facts, the extension is null and void. You may have to pay the failure-to-file penalty if you file after the regular due date.

Extension not granted.

If your application for this extension is not approved, you must file your return by the extended due date of the automatic extension. You may be allowed to file within 10 days of the date of the notice you get from the IRS if the end of the 10-day period is later than the due date. The notice will tell you whether the 10-day grace period is granted.

Further extensions.

You generally cannot get an extension of more than 6 months. However, if you are outside the United States and meet certain tests, you may be able to get a longer extension.

You can get an extension of more than 6 months to file your tax return if you need the time to meet either the bona fide residence test or the physical presence test to qualify for either the foreign earned income exclusion or the foreign housing exclusion or deduction. The tests, the exclusions, and the deduction are explained in chapter 4.

You should request an extension if all three of the following apply.

You are a U.S. citizen or resident.
You expect to meet either the bona fide residence test or the physical presence test, but not until after your tax return is due.
Your tax home is in a foreign country (or countries) throughout your period of bona fide residence or physical presence, whichever applies.

If you are granted an extension, it generally will be to 30 days beyond the date on which you can reasonably expect to qualify under either the bona fide residence test or the physical presence test. However, if you have moving expenses that are for services performed in 2 years, you may be granted an extension to 90 days beyond the close of the year following the year of first arrival in the foreign country.

How to get an extension.

To obtain an extension, you should file Form 2350 with the Internal Revenue Service Center, Philadelphia, PA 19255–0002, or the local IRS representative, or other IRS employee.

You must file Form 2350 by the due date for filing your return. Generally, if both your tax home and your abode are outside the United States and Puerto Rico on the regular due date of your return and you file on a calendar year basis, the due date for filing your return is June 15.

What if tests are not met.

If you obtain an extension and unforeseen events make it impossible for you to satisfy either the bona fide residence test or the physical presence test, you should file your income tax return as soon as possible because you must pay interest on any tax due after the regular due date of the return (even though an extension was granted).

You should make any request for an extension early, so that if it is denied you still can file your return on time. Otherwise, if you file late and additional tax is due, you may be subject to a penalty.

Return filed before test is met.

If you file a return before you meet the bona fide residence test or the physical presence test, you must include all income from both U.S. and foreign sources and pay the tax on that income. If you meet either of the tests later and qualify for the foreign earned income exclusion, the foreign housing exclusion, or the foreign housing deduction, you can file a claim for refund of tax on Form 1040X. The refund will be the difference between the amount of tax already paid and the tax liability as figured after the exclusion or deduction.

You must express the amounts you report on your U.S. tax return in U.S. dollars. If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U.S. dollars. How you do this depends on your functional currency. Your functional currency generally is the U.S. dollar unless you are required to use the currency of a foreign country.

You must make all federal income tax determinations in your functional currency. The U.S. dollar is the functional currency for all taxpayers except some qualified business units (QBUs). A QBU is a separate and clearly identified unit of a trade or business that maintains separate books and records.

Even if you have a QBU, your functional currency is the dollar if any of the following apply.

Make all income tax determinations in your functional currency. If your functional currency is the U.S. dollar, you must immediately translate into dollars all items of income, expense, etc. (including taxes), that you receive, pay, or accrue in a foreign currency and that will affect computation of your income tax. Use the exchange rate prevailing when you receive, pay, or accrue the item. If there is more than one exchange rate, use the one that most properly reflects your income. You can generally get exchange rates from banks and U.S. Embassies.

If your functional currency is not the U.S. dollar, make all income tax determinations in your functional currency. At the end of the year, translate the results, such as income or loss, into U.S. dollars to report on your income tax return.

You generally must report your foreign income in terms of U.S. dollars and, with one exception (see Fulbright Grant, later), you must pay taxes due on it in U.S. dollars.

If, because of restrictions in a foreign country, your income is not readily convertible into U.S. dollars or into other money or property that is readily convertible into U.S. dollars, your income is “blocked” or “deferrable” income. You can report this income in one of two ways:

If you choose to postpone the reporting of the income, you must file an information return with your tax return. For this information return, you should use another Form 1040 labeled “Report of Deferrable Foreign Income, pursuant to Rev. Rul. 74–351.” You must declare on the information return that you will include the deferrable income in your taxable income for the year that it becomes unblocked. You also must state that you waive any right to claim that the deferrable income was includible in your income for any earlier year.

You must report your income on your information return using the foreign currency in which you received that income. If you have blocked income from more than one foreign country, include a separate information return for each country.

Income becomes unblocked and reportable for tax purposes when it becomes convertible, or when it is converted, into dollars or into other money or property that is convertible into U.S. currency. Also, if you use blocked income for your personal expenses or dispose of it by gift, bequest, or devise, you must treat it as unblocked and reportable.

If you have received blocked income on which you have not paid tax, you should check to see whether that income is still blocked. If it is not, you should take immediate steps to pay tax on it, file a declaration or amended declaration of estimated tax, and include the income on your tax return for the year in which the income became unblocked.

If you choose to postpone reporting blocked income and in a later tax year you wish to begin including it in gross income although it is still blocked, you must obtain the permission of the IRS to do so. To apply for permission, file Form 3115, Application for Change in Accounting Method. You also must request permission from the IRS on Form 3115 if you have not chosen to defer the reporting of blocked income in the past, but now wish to begin reporting blocked income under the deferred method. See the instructions for Form 3115 for information.

All income must be reported in U.S. dollars. In most cases, the tax must also be paid in U.S. dollars. If, however, at least 70% of your Fulbright grant has been paid in nonconvertible foreign currency (blocked income), you can use the currency of the host country to pay the part of the U.S. tax that is based on the blocked income.

Paying U.S. tax in foreign currency.

To qualify for this method of payment, you must prepare a statement that shows the following information.

You were a Fulbright grantee and were paid in nonconvertible foreign currency.
The total grant you received during the year and the amount you received in nonconvertible foreign currency.
At least 70% of the grant was paid in nonconvertible foreign currency.

The statement must be certified by the U.S. educational foundation or commission paying the grant or other person having control of grant payments to you.

You should prepare at least two copies of this statement. Attach one copy to your Form 1040 and keep the other copy for identification purposes when you make a tax deposit of nonconvertible foreign currency.

Figuring actual tax.

When you prepare your income tax return, you may owe tax or the entire liability may have been satisfied with your estimated tax payments. If you owe tax, figure the part due to (and payable in) the nonconvertible foreign currency by using the following formula.

	Adjusted gross income that is blocked income	×	Total U.S. tax	=	Tax on blocked income
	Total adjusted gross income

You must attach all of the following to the return.

A copy of the certified statement discussed earlier.
A detailed statement showing the allocation of tax attributable to amounts received in foreign currency and the rates of exchange used in determining your tax liability in U.S. dollars.
The original deposit receipt for any balance of tax due that you paid in nonconvertible foreign currency.

Figuring estimated tax on nonconvertible foreign currency.

If you are liable for estimated tax (discussed later), figure the amount you can pay to IRS in nonconvertible foreign currency using the following formula.

	Adjusted gross income that is blocked income	×	Total estimated U.S. tax	=	Estimated tax on blocked income
	Total adjusted gross income

If you must pay your host country income tax on your grant, subtract any estimated foreign tax credit that applies to your grant from the estimated tax on the blocked income.

Deposit of foreign currency with disbursing officer.

Once you have determined the amount of the actual tax or estimated tax that you can pay in nonconvertible foreign currency, deposit that amount with the disbursing officer of the Department of State in the foreign country in which the foundation or commission paying the grant is located.

Deposit receipt.

Upon accepting the foreign currency, the disbursing officer will give you a receipt in duplicate. The original of this receipt (showing the amount of foreign currency deposited and its equivalent in U.S. dollars) should be attached to your Form 1040 or payment voucher from Form 1040–ES. Keep the copy for your records. Mail the return or your payment voucher to the Internal Revenue Service Center, Philadelphia, PA 19255–0215, U.S.A.

IRS e-file (electronic filing) is the preferred method of filing. It's so easy, millions of people use it. You may be able to file a paperless return. There are three ways you can e-file.

Electronic filing.

IRS e-file offers accurate, safe, and fast alternatives to filing on paper. IRS computers quickly and automatically check for errors or other missing information. This year, 99% of all forms and schedules can be e-filed. Even returns with a foreign address can be e-filed!

If you do not know where your legal residence is and you do not have a principal place of business in the United States, you can file with the Philadelphia Service Center. The address for the Philadelphia Service Center is shown earlier.

However, you should not file with the Philadelphia Service Center if you are a bona fide resident of the Virgin Islands or a resident of Guam or the Commonwealth of the Northern Mariana Islands on the last day of your tax year.

Resident of Virgin Islands

If you are a bona fide resident of the Virgin Islands on the last day of your tax year (even if your legal residence or principal place of business is in the United States), you generally are not required to file a U.S. return. However, you must file a return with the Virgin Islands and pay your tax on income you have from all sources to the:

Virgin Islands Bureau of Internal Revenue
9601 Estate Thomas
Charlotte Amalie
St. Thomas, Virgin Islands 00802.

Non-Virgin Islands resident with Virgin Islands income.

If you are a U.S. citizen or resident and you have income from sources in the Virgin Islands or income effectively connected with the conduct of a trade or business in the Virgin Islands, and you are not a bona fide resident of the Virgin Islands on the last day of your tax year, you must file identical tax returns with the United States and the Virgin Islands. File the original return with the United States and file a copy of the U.S. return (including all attachments, forms, and schedules) with the Virgin Islands Bureau of Internal Revenue.

You must complete Form 8689, Allocation of Individual Income Tax to the Virgin Islands, and attach it to your U.S. return. You should file your U.S. return with the Internal Revenue Service Center, Philadelphia, PA 19255–0215.

See Publication 570, Tax Guide for Individuals With Income From U.S. Possessions, for information about filing Virgin Islands returns.

Resident of Guam

If you are a resident of Guam on the last day of your tax year, you should file a return with Guam and pay your tax on income you have from all sources to the:

Department of Revenue and Taxation
Government of Guam
P.O. Box 23607
GMF, GU 96921.

However, if you are a resident of the United States on the last day of your tax year, you should file a return with the United States and pay your tax on income you have from all sources to the Internal Revenue Service Center, Philadelphia, PA 19255–0215.

See Publication 570 for information about filing Guam returns.

Resident of the Commonwealth of the Northern Mariana Islands

If you are a resident of the Commonwealth of the Northern Mariana Islands on the last day of your tax year, you should file a return with the Northern Mariana Islands and pay your tax on income you have from all sources to the:

Division of Revenue and Taxation
Commonwealth of the Northern Mariana Islands
P.O. Box 5234, CHRB
Saipan, MP 96950.

See Publication 570 for information about filing Northern Mariana Islands returns.

If, at the end of your tax year, you are married and one spouse is a U.S. citizen or a resident alien and the other is a nonresident alien, you can choose to treat the nonresident as a U.S. resident. This includes situations in which one of you is a nonresident alien at the beginning of the tax year and a resident alien at the end of the year and the other is a nonresident alien at the end of the year.

This means that neither of you can claim tax treaty benefits as a resident of a foreign country for a tax year for which the choice is in effect.

You can file joint or separate returns in years after the year in which you make the choice.

Example 1.

Pat Smith, a U.S. citizen, is married to Norman, a nonresident alien. Pat and Norman make the choice to treat Norman as a resident alien by attaching a statement to their joint return. Pat and Norman must report their worldwide income for the year they make the choice and for all later years unless the choice is ended or suspended. Although Pat and Norman must file a joint return for the year they make the choice, they can file either joint or separate returns for later years.

Example 2.

When Bob and Sharon Williams got married, both were nonresident aliens. In June of last year, Bob became a resident alien and remained a resident for the rest of the year. Bob and Sharon both choose to be treated as resident aliens by attaching a statement to their joint return for last year. Bob and Sharon must report their worldwide income for last year and all later years unless the choice is ended or suspended. Bob and Sharon must file a joint return for last year, but they can file either joint or separate returns for later years.

If you do not choose to treat your nonresident spouse as a U.S. resident, you may be able to use head of household filing status. To use this status, you must pay more than half the cost of maintaining a household for certain dependents or relatives other than your nonresident alien spouse. For more information, see Publication 501.

If your spouse is a nonresident alien and you file a joint or separate return, your spouse must have either an SSN or an individual taxpayer identification number (ITIN).

To get an SSN for your spouse, apply at a social security office or U.S. consulate. You must complete Form SS–5. You must also provide original or certified copies of documents to verify your spouse's age, identity, and citizenship.

If your spouse is not eligible to get an SSN, he or she can file Form W–7 with the IRS to apply for an ITIN.

Attach a statement, signed by both spouses, to your joint return for the first tax year for which the choice applies. It should contain the following:

A declaration that one spouse was a nonresident alien and the other spouse a U.S. citizen or resident alien on the last day of your tax year and that you choose to be treated as U.S. residents for the entire tax year, and
The name, address, and social security number (or individual taxpayer identification number) of each spouse. (If one spouse died, include the name and address of the person making the choice for the deceased spouse.)

You generally make this choice when you file your joint return. However, you can also make the choice by filing a joint amended return on Form 1040X. Attach Form 1040, 1040A, or 1040EZ and print “Amended” across the top of the amended return. If you make the choice with an amended return, you and your spouse must also amend any returns that you may have filed after the year for which you made the choice.

You generally must file the amended joint return within 3 years from the date you filed your original U.S. income tax return or 2 years from the date you paid your income tax for that year, whichever is later.

The choice to be treated as a resident alien does not apply to any later tax year if neither of you is a U.S. citizen or resident alien at any time during the later tax year.

Table 1–1.Ending the Choice

Revocation	•	Either spouse can revoke the choice for any tax year.
	•	The revocation must be made by the due date for filing the tax return for that tax year.
	•	The spouse who revokes must attach a signed statement declaring that the choice is being revoked. The statement revoking the choice must include the following:
		•	The name, address, and social security number (or taxpayer identification number) of each spouse.
		•	The name and address of any person who is revoking the choice for a deceased spouse.
		•	A list of any states, foreign countries, and possessions that have community property laws in which either spouse is domiciled or where real property is located from which either spouse receives income.
	•	If the spouse revoking the choice does not have to file a return and does not file a claim for refund, send the statement to the Internal Revenue Service Center where the last joint return was filed.
Death	•	The death of either spouse ends the choice, beginning with the first tax year following the year the spouse died.
	•	If the surviving spouse is a U.S. citizen or resident and is entitled to the joint tax rates as a surviving spouse, the choice will not end until the close of the last year for which these joint rates may be used.
	•	If both spouses die in the same tax year, the choice ends on the first day after the close of the tax year in which the spouses died.
Divorce or Legal separation	•	A divorce or legal separation ends the choice as of the beginning of the tax year in which the legal separation occurs.
Inadequate records	•	The Internal Revenue Service can end the choice for any tax year that either spouse has failed to keep adequate books, records, and other information necessary to determine the correct income tax liability, or to provide adequate access to those records.

Example.

Dick Brown was a resident alien on December 31, 2000, and married to Judy, a nonresident alien. They chose to treat Judy as a resident alien and filed a joint 2000 income tax return. On January 10, 2002, Dick became a nonresident alien. Judy had remained a nonresident alien. Because both were resident aliens during part of 2002, Dick and Judy can file joint or separate returns for that year. Neither Dick nor Judy was a resident alien at any time during 2003 and their choice is suspended for that year. For 2003, both are treated as nonresident aliens. If Dick becomes a resident alien again in 2004, their choice is no longer suspended and both are treated as resident aliens.

Once made, the choice to be treated as a resident applies to all later years unless suspended (as explained earlier) or ended in one of the ways shown in Table 1–1 above.

If the choice is ended for any of the reasons listed in Table 1–1, neither spouse can make a choice in any later tax year.

The requirements for determining who must pay estimated tax are the same for a U.S. citizen or resident abroad as for a taxpayer in the United States. For current instructions on making estimated tax payments, see Form 1040–ES.

If you had a tax liability for 2003, you may have to pay estimated tax for 2004. Generally, you must make estimated tax payments for 2004 if you expect to owe at least $1,000 in tax for 2004 after subtracting your withholding and credits and you expect your withholding and credits to be less than the smaller of:

If less than two-thirds of your gross income for 2003 or 2004 is from farming or fishing and your adjusted gross income for 2003 is more than $150,000 ($75,000 if you are married and file separately), substitute 110% for 100% in (2) above. See Publication 505 for more information.

When figuring your estimated gross income, subtract amounts you expect to exclude under the foreign earned income exclusion and the foreign housing exclusion. In addition, you can reduce your income by your estimated foreign housing deduction. However, if the actual amount of the exclusion or deduction is less than you estimate, you may have to pay a penalty for underpayment of estimated tax.

There are several instances in which you may have to file either an information return or a report. You may have to file a return or a report if any of the following apply.

You are a shareholder of a controlled foreign corporation.
You are a shareholder, officer, or director of a foreign personal holding company.
You are a shareholder, officer, or director of a U.S. entity that acquires, disposes of, or is involved in the reorganization of a foreign corporation.
You acquire or dispose of an interest in a foreign partnership, or your proportional interest otherwise changes.
You are the responsible party for reporting foreign trust events.
You receive large gifts or bequests from foreign persons.
You are treated as owning any portion of a foreign trust under the grantor trust rules.
You receive distributions from a foreign trust.
You ship currency to or from the United States.
You have an interest in a foreign bank or financial account.

Form 5471 must generally be filed by certain U.S. shareholders of controlled foreign corporations and by certain shareholders, officers, and directors of foreign personal holding companies. Form 5471 must also be filed by officers, directors, and shareholders of U.S. entities that acquire, dispose of, or are involved in the reorganization of a foreign corporation.

If Form 5471 is required, you must file it at the time you file your income tax return. More information about the filing of Form 5471 can be found in the instructions for this information return.

If Form 8865 is required, you must attach it to your income tax return and file both by the due date (including extensions) for that return. You can find more information about filing Form 8865 in the instructions for this information return.

You are involved in the creation of a foreign trust,
You are involved in the transfer of money or property to a foreign trust,
You are treated as the owner of any part of the assets of a foreign trust under the grantor trust rules,
You received a distribution from a foreign trust,
A related foreign trust held an outstanding obligation issued by you (or a person related to you),
You received more than $100,000 from a nonresident alien individual or a foreign estate (including foreign persons related to the individual or estate) that you treated as gifts or bequests, or
You received more than $11,827 from foreign corporations or foreign partnerships (including foreign persons related to the corporations or partnerships) that you treated as gifts.

If Form 3520 is required, you generally must file it at the time you file your income tax return. Send Form 3520 to the:

More information about the filing of Form 3520 can be found in the instructions for the form.

You must file Form 4790, Report of International Transportation of Currency or Monetary Instruments, if you physically transport, mail, ship, or cause to be physically transported, mailed, or shipped into or out of the United States, currency or other monetary instruments totaling more than $10,000 at one time. The filing requirement also applies if you attempt to transport, mail, or ship the currency or monetary instruments or attempt to cause them to be transported, mailed, or shipped.

You may have to file Form 4790 if you receive currency or monetary instruments. See Recipients, later.

Monetary instruments.

The term “monetary instruments” includes coin and currency of the United States or of any other country, money orders, traveler's checks, investment securities in bearer form or otherwise in such form that title passes upon delivery, and negotiable instruments (except warehouse receipts or bills of lading) in bearer form or otherwise in such form that title passes upon delivery. The term includes bank checks, and money orders that are signed, but on which the name of the payee has been omitted. The term does not include bank checks, or money orders made payable to the order of a named person that have not been endorsed or that bear restrictive endorsements.

Recipients.

If you receive currency or other monetary instruments from a place outside the United States for which a report has not been filed by the shipper, you must file Form 4790.

You must file Form 4790 within 15 days after receiving the currency or other monetary instrument. You can either file the form with the Customs officer in charge at any port of entry or departure, or you can mail it to the:

Commissioner of Customs
Attention: Currency Transportation
Reports
Washington, DC 20229.

Shippers or mailers.

If the currency or other monetary instrument does not accompany a person entering or departing the United States, you can file Form 4790 by mail with the Commissioner of Customs at the above address. You must file the form by the date of entry, departure, mailing, or shipping.

Penalties.

Civil and criminal penalties are provided for failure to file a report, supply information, and for filing a false or fraudulent report. Also, the entire amount of the currency or monetary instrument may be subject to seizure and forfeiture.

You can find more information about the filing of Form 4790 in the instructions on the back of the form.

You must file Form TD F 90–22.1 if you had any financial interest in, or signature or other authority over, a bank, securities, or other financial account in a foreign country. You do not have to file the report if the assets are with a U.S. military banking facility operated by a U.S. financial institution or if the combined assets in the account(s) are $10,000 or less during the entire year.

You must file this form by June 30 each year with the Department of the Treasury at the address shown on the form. Form TD F 90–22.1 is not a tax return, so do not attach it to your Form 1040.