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THE FIDEICOMISO (MEXICAN BANK TRUST) CONTROVERSY and FORMS 3520 and 3520A is it? or is it not??

November 2, 2010 How to Buy Property in Mexico

Per Internal Revenue Code Section 6048 any trust established in a foreign country including the Mexico real estate region or its US beneficiary must file certain forms with theĀ  US department of the treasury (Internal Revenue Service) each year..

Forms 3520 and 3520A must be filed by anyone who holds an [...]

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Mexico Real Estate Tax Requirements in the U.S.

August 12, 2009 Authors

U.S. taxpayers are required to file certain reports with the U.S. government if they own property in Mexico, have a business in the country, or are shareholders in Mexican corporations Uncle Sam, U.S. tax watchdog, has instituted a voluntary disclosure program for those people who may have omitted reporting in the past. This program is [...]

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Mexico Real Estate Purchasing Process; The Foreign Relations Permit

July 12, 2009 Authors

If the Mexico real estateproperty you are purchasing is already in a trust (fedeicomiso) you may either: request assignment of the rights to you, or may request a new trust for fifty years If a new trust, a permit from the Secretary of Foreign Relations is required Whether a new trust or an assignment of [...]

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When To Pay Your Mexico Real Estate Bank Trust Maintenance Fees

December 6, 2008 Cost of Living in Mexico

I recently had the question from a client “When do I need to pay the annual maintenance of my Mexico bank trust of my Mexico property” Yes, it s that time of year again and property taxes and Bank Trust maintenance fees are becoming due Some of you may not be property investors [...]

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