Filing FBAR Foreign Financial Account Information for US Citizens for FINCEN 114

April 26, 2015
Basic Information on filing FBAR – FINCEN Form 114 for 2014

Notes:
Who must file a Form 114 FINCEN FBAR Form:

  • Any United States person who had a financial interest in or signature authority over at least one financial account located outside of the United States; and
  • the aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year reported.

~ The FBAR (filed on-line) must be received by the Department of Treasury on or before June 30th of the year immediately following the calendar year being reported.

~ The June 30’th filing date may not be extended.

~  We advise reading  all  of the instructions before starting to fill out the FBAR .PDF form,  because the government software is somewhat cranky – and if you mistakenly fill out some fields, they cannot be abandoned, corrected, or deleted. (in our experience)

Simplified Instructions:
1.  Get your account information together for all foreign accounts – noting the annual
…   Want to continue reading?
Full details and translations can be found in the Main Article (see Header): 
Filing FBAR Foreign Financial Account Information for US Citizens for FINCEN 114 – Article

Also see our Master article on Taxes at: IRS Tax Issues for Americans Living and Working Abroad in Mexico – Master Article for more FBAR and FATCA filing information & requirements.
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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry
Read-on MacDuff . . .

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Change Your Driving Hand Positions Because Air Bags Cause Serious Injuries

April 15, 2015
Warning:  Graphic Images …

Time to learn a new habit:

10 and 2:  Bad for you.

3 and 9:   That’s just fine

4 and 8:   Also Great

This is the latest news from driving professionals for people who drive modern cars with air bags.

10 and 2 o’clock Hand Positions on the Wheel:

16 year old  Permanently Blinded by Airbag

16 year old Permanently Blinded by Airbag

.
Air bags explode with such tremendous force that they ram our hands and arms into our faces if we follow the old Driver’s Ed rules of keeping our hands at higher positions on the car’s steering wheel.   The exploding bags bust up our faces by turning our hands, wrists & forearms into missiles that slam into our eyes and break our noses and cheeks.
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If we keep our hands low on the wheel – at…  “~ 3 & 9  ~ Just Fine ~ ”   or
… “~ 4 & 8 ~ Also Great ~
then the bags blast our hands downward and outward ~ away from our faces ~ .

Low Speed Airbag Deployed with No Damage to the Car

Low Speed Airbag Deployed with No Damage to the Car

Also Remember:
Small people and kids under 13 really should  never  sit in the front passenger seat of cars with airbags,  unless you turn OFF the airbag.

Why?
Airbags are designed to stop heavy 200 lb – 350 lb people,   so they launch out with such explosive much force that they can permanently maim or kill people under 100 lbs or children under 13 years of age.

Doubt this advice?
Note that the car in the foto was in a very minor accident, had no real damage and no threats to a person wearing their shoulder belt … but check out the blood on the bag. …

Again:  Small people and kids under 13 really should  never  sit in the front passenger seat of cars with airbags,  unless you turn OFF the airbag.

My apologies to people who are sensitive to graphic images ~ but this issue threatens us and our families and friends.

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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry
Read-on MacDuff . . .

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Record Mild Tropical Storm Season Projected for the Caribbean & Atlantic Coast

April 9, 2015
CSU researchers have predicted the mildest Atlantic/Caribbean Tropical Storm season in decades.

Climate change?   …  Only 7 named storms predicted for the 2015 Atlantic storm season.

Stormy Weather in Haiti

To keep things in context, Dr. Gray and the CSU team have provided the best Atlantic-basin tropical storm predictions since the 1970’s.

Source:
http://hurricane.atmos.colostate.edu/forecasts/2015/apr2015/apr2015.pdf

Happy Trails,
steve
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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

Read-on MacDuff . . .

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USA and Europe: Especially Nasty 2015 Winter Weather ?

Feb. 11, 2015
What’s with the freakish snow storms in the northeastern USA?
They are attributable to climate change.

Seems counter-intuitive?
Global warming causing harsher winter weather for the USA and Europe?

2015 Boston Blizzard Bloomberg We just finished the hottest year yet on modern record, on top of the hottest decade. So why all of the New England snow?

Answer:  The oceans and Great Lakes got significantly warmer.     This evaporates more moisture for the winter storms to dump as snow in the northeastern USA.

With climate change, wet climates get wetter and dry climates get even drier.   Abrupt, catastrophic rise in sea level from polar ice collapse threatens further down the pike.

For the highest-impact solutions to reverse climate change problems, see www.climaterestore.com.

This bulletin is courtesy of  Dr. Robert C. Fry  of Climate Restore.

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Yucalandia Notes:
Record low amounts of summer Arctic Sea polar ice ~ due to climate change ~ are also driving record low weak and wobbly polar vortex winds in winter. The circling polar vortex winds used to trap cold winter Arctic air up around the North Pole.

With excessive summer warming destroying polar ice fields, winter’s Arctic cold now regularly escapes the polar region, descending onto the USA and Europe – driving wicked winter storms.

http://www.weather.com/forecast/national/news/coldest-temperatures-of-season-midwest-northeast-southeast
and
http://www.express.co.uk/news/nature/554183/Britain-red-alert-displaced-Polar-vortex-unleash-weather-hell-next-week
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Feel free to copy while giving proper attribution:
YucaLandia/Surviving Yucatan. ©Steven M. Fry

Read-on MacDuff . . .

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Quintana Roo changes to Eastern Time – Matching NY City, Miami, Boston et al

Jan. 16, 2015
Adjusting our travel plans to Cancun or Q. Roo:
Quintana Roo (think Cancun) changes to Eastern Standard Time on Feb. 1, 2015 – so Yucatecans (and others on Central time – Mexico City time) should adjust their travel plans accordingly.

8:00 AM Yucatan => 9:00 AM Q. Roo time.

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Amnesty Announced for Foreigners in Mexico Illegally

Jan. 14, 2015
The good attorney Lic. Spencer McMullen has reported some good news for well-behaved non-criminal foreigners who are in Mexico illegally.   Here’s Spencer’s report:

New Regularization (Amnesty) Program for people illegally in Mexico
In Dec. 2014,  President Peña Nieto mentioned a program to regularize (offer amnesty) to people illegally in Mexico.   The programs details were published in the DOF (Mex. Gob. Daily Federal Register), on January, 12, 2015, taking effect on January 13, 2015.   The amnesty program lasts until December 18, 2015.

The program mentions nothing about paying fines nor having to show income to qualify.
Here is the publication in plain English:

ASSUMPTIONS
The present program applies to foreigners who entered Mexico before November 9, 2012 and on January 13, 2015 (for people who) find themselves living in the country with an irregular immigration status.

The aforementioned is when the foreigner does not fall into one of the following situations:

  1. Have a pending immigration request except those expressly canceled in order to participate in this program.
  2. Are in the process of an assisted return procedure or deportation
  3. Given false information or false documents to Immigration or authentic documents obtained fraudulently.
  4. People deported with reentry restrictions
  5. People with pending criminal charges or a criminal record
  6. People who compromise national security due to past criminal records
  7. People subject to express prohibitions dictated by a competent authority
  8. Having not complied with a deportation order during the program period
  9. Having an irregular immigration status after January 13, 2015

(or) Anything else covered by the Immigration law and its regulations.  In the cases of V and VI the authority will weigh the corresponding resolution attending to the principles of social redapatation, as well as those relative to family reunification.

REQUIREMENTS
Foreigners requesting their regularization per this program need to present the following in original and copy:

  1. Immigration form
  2. Request letter
  3. Passport
  4. Immigration document (in the event the person had one)
  5. One of the following documents that proves their residence in the country:

a. Airline tickets

b. Passport with entry stamp

c. Immigration document (in case the person was regular in Mexico)

d. Utility bills (light, water, phone, internet, TV, gas or any other utility)

e. Medical file, school records or rental contracts

f. Any other document issued by a public agency that shows the requestor has resided in Mexico or

g. Declaration signed by two people who know the person and state they have lived in the country for the time required.

The documents can be in the name of the person or their children, partner or spousal figure.

  1. Documents that prove their current residence (light, water, phone, internet, TV, gas or any other utility).
  2. Payment of regularization fees
  3. Copies of ID of people authorized to present papers.

PROCEDURE
The procedure for the person requesting the regularization of their immigration status is the following:

  1. Present documents at Immigration as mentioned prior where they will have a hearing on the spot or set the date for a future hearing.  The future date shall not be more than 10 business days after the papers are turned in.
  2. They will make a written record of the hearing and go over all the paperwork presented that proves what needs to be proved

Immigration then has 30 days to give a response.  If the response is positive then they shall issue a temporary resident document good for four years.

Once the person has the document they may request work permission as well as documents for family members.

For the issuance of the document the person will need the positive resolution, 2 copies of the format basico, 3 photos, and payment of fees.

Immigration may not arrest anybody who applies for the program due to their irregular status.

http://www.diariooficial.gob.mx/nota_detalle.php?codigo=5378303&fecha=12/01/2015

 Hope this helps !

Lic. Spencer McMullen is in Chapala, Mexico, and can be contacted at Chapalalaw.com

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For more details on immigrating to or living in Mexico, see our main article on importing cars at:  ~ Current Rules and Procedures for Immigration, Visiting, and Staying in Mexico
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Feel free to copy while giving proper attribution:
YucaLandia/Surviving Yucatan. ©Steven M. Fry

Read-on MacDuff . . .

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Taking US-Titled Vehicles Out of the USA into Mexico

Jan. 14, 2015

http://www.mexconnect.com/cgi-bin/forums/gforum.cgi?do=post_attachment;postatt_id=1408;

As of March 14, 2013:
All American cars imported into Mexico by everyone must be formally exported from the USA, using the CBP export process. This effort was expanded to try to stop car thieves from moving stolen cars or parts across the border.

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