Kea Posted June 7, 2013 Report Posted June 7, 2013 The IRS issued Revenue Rule 2013-14 yesterday (6/6/13). It seems to have finally put to rest the question about filing Forms 3520 & 3520A for clients with property in the restricted zones in Mexico. http://www.irs.gov/pub/irs-drop/rr-13-14.pdf The IRS does not consider a Fideicomiso to meet the definition of "trust" under regulation 301.7701-4(a). (The Rev Rule is 7 pages, so I included the link instead. Or, you can just look up Rev Rule 2013-14 fi you are interested.) Quote
kcjenkins Posted June 8, 2013 Report Posted June 8, 2013 Thanks for that info, Kea. Good to get a final ruling on it. Quote
Kea Posted June 8, 2013 Author Report Posted June 8, 2013 You're welcome. I have one client with a fideicomiso so this has been a big issue for me. I know it doesn't apply to many people, but to those it does, this is very good news. Quote
Kea Posted June 10, 2013 Author Report Posted June 10, 2013 And now for a possibly dissenting opinion:http://fideicomiso.wordpress.com/2013/06/10/revenue-rulings-fideicomisos-scorpions-a-trojan-horse/ Quote
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