Assertion: instruction's information | /r/HasProperty | required by section
Facets:
Source sentences:
text: Such U.S. person is subject to an additional separate 5% penalty (or $10,000 if greater), if such person (a) fails to ensure that the foreign trust files a timely Form 3520-A and furnishes the required annual statements to its U.S. owners and U.S. beneficiaries, or (b) does not furnish all of the information required by section 6048(b) or includes incorrect information.