Happy Dead Presidents Day !
In honoring the memories of Mssrs. Lincoln, Jackson, Washington et al, it gets one thinking about who they were, how they were portrayed … and are portrayed on the US currency.
Which leads my wandering mind to the Benjamins, and how it is that time of year again. The time of year when our banks, employers, mutual fund companies send us notices of our income from last year, which allows us to pay our annual tribute to the State and Federal Governments.
Brave readers who venture into reader’s Comments on other articles have noticed that there have been a spate of questions about tax issues for expats living and working in Mexico. This year’s questions have taken on more specific and detailed forms than ever, even to the level of requesting specific advice about their particular situations. scary, nu ?
As a frequent filer since age 9, I have done tax returns for friends, neighbors, fellow grad students, co-workers, alien friends (a.k.a. resident aliens from Mexico), family members, and for parts of 3 different businesses. Yet, even after living here for 7 years, I never got around to reading the US-Mexico Tax Treaty of 1993, since our returns have been relatively simple.
Anyway, getting back on point, several Yucatan readers have asked some particularly good questions that I thought I knew the answers to, but for which I had no/zip/zero/nada references – just the partial remembrances of past tax and IRS stories from talented friends who have worked and lived overseas for decades.
Ready to go down the rabbit hole? (or through the looking glass…)
It’s time to roll up our sleeves and tackle the US-Mexico Tax Treaty – 1993. …. Continue reading…
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Readers who want to read the full Article can go to: Tax Issues for Americans Living and Working in Mexico – A Redux for 2012
For readers with US Tax obligations: Yucalandia has a growing body of US IRS information in several articles:
~ Capital Gains Taxes on Mexican Properties
~ Income Tax Liabilities in Mexico
~ Fideicomisos and FATCA: US – Mexico Agreement on FATCA Reporting Requirements
~ IRS Reporting Requirements for Mexico: Fideicomisos / Mexican Land trusts
~ FBAR’s and Fideicomisos: To File or Not to File, That is the Question ,
~ US Income Tax Filing Information for Ex-Pats
~ Tax Issues for Americans and Other Expats Living in Mexico
~ Updated 2011 IRS Requirements: Foreign Account Tax Compliance Act (FATCA)
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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry
Read on, MacDuff.