EB5 INVESTORS M AGAZINE 46 The strategies that apply to each individualvary on the particular circumstances, laws and regulations of a home country and any U.S. tax treaties with that country. ” financial records exceeded $10,000 at any time during the calendar year reported. Parties required to file this form include U.S. citizens; U.S. residents; entities, including corporations, partnerships, or limited liability companies, created or organized in the United States or under the laws of the United States; as well as trusts or estates formed under the laws of the United States. Another required form is 8938, which is the Statement of Specified Foreign Financial Assets. This is used to report specified foreign financial assets if the total value of all the specified foreign financial assets is more than the appropriate reporting threshold. Fo r m 5 47 1 i s a l s o m a n d a t o r y – w h i c h i s t h e Information Return of U.S. Persons with Respect to Certain Foreign Corporations – and it applies if the investor owns a controlled foreign corporation (CFC), is an officer or director of the company and owns 10 percent or more of the total value of the stock, or owns 10 percent or more of the full voting power of the capital. Another form is 3520, which is the Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts. This is used to report a foreign gift received more than $100,000 from a foreign individual or estate.