Author Archives: yucalandia

US IRS Tax Issues for Americans Living and Working in Mexico

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 (2013), which allows us to pay our annual tribute to the State and … Continue reading

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The New CFE Cards and Listening to your Inner Curmudgeon

Feb. 27, 2014 I stopped by the CFE office on Reforma and Avenida Colon yesterday to check our balance on our apartments and noticed something new: The CFE “Automatic Teller” machine has a new option in its menu for accessing … Continue reading

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Scams Victimizing Owners of Mexican Timeshare Properties

Feb. 14, 2014: Lic. Spencer McMullin, a well respected Mexican attorney who serves expat community needs, has reported the following warning for owners of timeshare properties in Mexico: Timeshare Real Estate Scams are Victimizing Owners of Mexican Timeshare Properties “Multiple … Continue reading

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Importing Cars into Mexico – Feb. 2014 Update

Feb. 2, 2014: As the vehicle import agents at Nogales and Laredo say they currently are not able to permanently import autos, (due to problems with their amparo’s), instead Sonia Diaz of SMA continues to offer permanent import services (using … Continue reading

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Fideicomisos and IRS FBAR, FinCen, SSFFA Filing Requirements

Jan. 24, 2014: Some fideicomisos have to file, others do not. Yucalandia’s comments sections and various expat forums continue to have questions come up on US citizen’s upcoming responsibilities for 2014 filings of: FBAR FinCen Form 114,  Form 8938 Statement … Continue reading

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Can We Cut US state, local, and federal deficit spending ?

Dec. 5, 2013: Are US taxpayers are paying for more than we suspect? ($861 Billion a year in  Corporate Welfare  &  Welfare for the Wealthy) Direct federal subsidies to corporations:($100 Billion/yr) The Libertarian/Tea Party Cato Institute reports that corporations cost … Continue reading

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Would the $12 an Hour Miminum Wage Benefit or Harm the USA ?

Jan. 18, 2014: Is $12.50 a year too much to pay to bring over 300,000 Walmart employees out of poverty? Should the US Government be paying out over $250 billion in welfare spending on workers, whose employers shift their labor … Continue reading

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Mexican Bank-Issued non-SAT RFC IDs for Foreigners – Potentially a problem.

Jan. 18, 2014: In response to our previous article on SAT’s New 2014 Tax Laws for Mexico that Affect Expats , there are various discussions on expat webforums that raise some really GOOD questions about the “RFC”s that some banks fabricated … Continue reading

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Report of Kidnapping of a US Citizen Traveling the Coast Road outside of Matamoros

Jan. 1, 2014:  Sra. Osmon logged the following narrative into Yucalandia’s Comments: “Submitted on 2013/12/29 at 6:28 pm For anyone considering driving the coast road from Merida to Texas–don’t! Unless you want to run the risk of being abducted at … Continue reading

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Cash No Longer Valid for Purchases with Facturas in Mexico over $2,000 Pesos (?)

Dec. 15, 2013:Yet new twists have appeared out of Mexico’s latest tax system revisions. Various internet sources report: ~ When you need a factura, we must use credit cards (debit cards?), checks, or bank transfers for any purchases over $2,000 … Continue reading

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Mexican Import Duties Changed for Chinese Goods – 2013 Update

Dec. 12, 2013: Interested in Mexico’s rules for importing Chinese-made goods? If you have read years of internet posts and web-forum accounts, you likely believe that Mexico has super-high duties (300% or more) on “Made in China” goods.    Fortunately,  this … Continue reading

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IRS FBAR E-filing Requirements and US FinCEN

Dec. 11, 2013:   As a part of our ongoing efforts to help US expats living overseas to understand and comply with US IR tax issues, we pass along updates as we become aware of them. In talking with various US … Continue reading

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New Duty Free Limits for Entering Mexico – Dec. 2013

Dec. 10, 2013:  Please note that this post has been replaced by “ What Can I Bring into Mexico: Mexican Customs Rules – The Article “ The Aduana rules have changed.  We maintain this post, because it has useful comments … Continue reading

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New INM Rules for Minor Children Traveling without a Parent or Guardian

Dec. 3, 2013 There are yet new updates from INM on people leaving Mexico with children. This report comes from Lic. Spencer McMullen, a fine attorney in Jalisco, who specializes in legal issues affecting expats. You can contact Lic. McMullen … Continue reading

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New 2014 Tax Laws for Mexico that Affect Expats

Nov. 29, 2013 Here’s a summary of changes in Mexican tax laws for 2014 that affect us foreigners.     This report comes from Lic. Spencer McMullen, a fine attorney in Jalisco, who specializes in legal issues affecting expats.   You can contact … Continue reading

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Adventures in Bringing and Keeping Cars in Mexico

Nov. 18, 2013 Want a respite from our typical dry articles on Mexican Immigration law, and Aduana Law, normally chock-full-o’ internet website facts and dry citations of Mexican law? As a nice change of pace, we are happy to offer … Continue reading

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Aduana Temporary Import Permit (TIP) Renewal Form

Nov. 15, 2013 Full Article can be read at: Aduana Temporary Import Permit (TIP) Renewal Form (Nov. 2013) Aduana now accepts an official request form and instructions for foreigners to report changes or expiration date renewals ~ by mail ~ … Continue reading

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Assumptions

Nov. 11, 2013 If you had to guess: What country/countries do you guess for this young man’s heritage? Asked another way: If you encountered him in a cosmopolitan city: In what language would you greet him? German? Russian? Spanish? Chechnan? … Continue reading

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Washington Gets Wackier as our Retirement Accounts Drop 6% Today

October 8, 2013 Updates As a complete US government default on all debts looms in 9 days, Washington has gotten even wackier.   A Republican leader from Iowa announced on ABC news tonight that if the US defaults on all its … Continue reading

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