Fideicomiso and Form 3520: Is Your Bank Trust a Foreign Trust?
A Mexican bank trust or fideicomiso triggers IRS reporting questions regarding foreign trusts and Form 3520 penalties.
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Streamlined Filing Procedures: Catching Up on Missed US Returns From Mexico
Streamlined filing procedures for United States citizens living in Mexico offer penalty relief and a path to catch up on missed tax returns.
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US Tax Deadlines for Expats in Mexico: Extensions and Estimated Payments
American tax deadlines for expats in Mexico, covering automatic extensions, filing forms, quarterly payments, and preventing penalties.
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Foreign Housing Exclusion in Mexico City: Rent You Can Actually Deduct
Eligible U.S. expats living in Mexico City can significantly reduce their taxable income by utilizing the Foreign Housing Exclusion.
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FATCA Form 8938 vs FBAR: What Americans in Mexico File and When
FATCA Form 8938 and FBAR filing rules for Americans in Mexico, including different thresholds, deadlines, and agencies.
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FBAR for Mexican Bank Accounts: Thresholds, Timing, and Penalties
U.S. persons holding Mexican bank accounts learn reporting rules, aggregate maximum value thresholds, filing deadlines, and potential penalties.
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Retirees With No Mexican Tax Liability: Why the FEIE Often Doesn’t Help
The Foreign Earned Income Exclusion rarely applies to retirees in Mexico because pensions and investments generate passive income, not active labor.
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Form 1116 for Mexico: Turning ISR Into a US Tax Credit
Form 1116 explains how American citizens living in Mexico can use their paid income tax to claim a valuable US tax credit.
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Form 2555 for Mexico Residents: Bona Fide vs Physical Presence
Form 2555 explains how Americans living in Mexico use the Foreign Earned Income Exclusion to eliminate double taxation burdens.
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FEIE vs Foreign Tax Credit in Mexico: Which Saves Americans More
American expats in Mexico compare the Foreign Earned Income Exclusion and the Foreign Tax Credit to avoid paying U.S. taxes twice.
