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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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The Tax on Profits from a Mexico Real Estate Sale

January 27, 2009 How to Buy Real Estate in Mexico

There is a lot of misinformation on this subject, such as:
“If you become a Mexican citizen you have no tax to pay when you sell real estate”……
or “With a FM-3 and some receipts, you will be exempt from paying capital gains on the sale of your vacation house in Mexico“
Neither scenario is completely correct!
Mexican citizens [...]

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