US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘Fideicomiso’


Mexican Land Trusts are Not Trusts for US Federal Income Tax Purposes

In a recent Revenue Ruling, the IRS concluded that a fideicomiso or Mexican Land Trust (“MLT”) arrangement is not a trust for US federal income tax purposes.  This was welcome news to many US citizens that own land located in Mexico through an MLT.  As you may be aware from our previous blog entries, interests in non-US trusts by US citizens can create costly annual compliance burdens because of the disclosure requirements under US federal tax law for US persons… Read More