If you are not a Mexican citizen and own real property in a federal zone or within 100 kilometers
of the ocean, you cannot hold title in your individual name. Title must be held through a Mexican trust which is called
Fideicomiso. The IRS several years ago finally issued a ruling stating that Fideicomisos actually were not foreign trusts,
but a manner of holding title to property and therefore in most situations the beneficiaries of the Fideicomiso are not required
to filed the IRS foreign trust reporting forms 3520 and 3520A. We recommend you have a professional review your Fideicomiso
document to make certain it qualifies for the exemption from having to file these forms. Failure to file these forms can result
in substantial penalties.
If you need assistance with the taxes on your Mexican
property email Don at firstname.lastname@example.org.
If you need assistance paying income and IVA taxes in Mexico on your rental
income from your Mexican property the Settlement Company provides a service to pay and file those taxes. Their website is