tag:blogger.com,1999:blog-1083219480069739808.comments2024-02-16T00:53:05.256-08:00US & Mexican Taxation for American Taxpayers in MexicoDon D. Nelsonhttp://www.blogger.com/profile/13763998516524589975noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1083219480069739808.post-10007565377861266542017-01-09T14:19:15.766-08:002017-01-09T14:19:15.766-08:00You must pay the Mexican capital gain tax on the s...You must pay the Mexican capital gain tax on the sale profit, but then can use that tax as a credit to offset your US tax on the sale gain dollar for dollar. You are not double taxed but because the Mexican tax is higher than the US, may pay more tax in totalthan you would if it were a US property sold. Email us if you want help at ddnelson@gmail.comDon D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-87346866778696213212017-01-09T10:47:02.380-08:002017-01-09T10:47:02.380-08:00I am dual citizen, I inherited some property in Me...I am dual citizen, I inherited some property in Mexico, do I need to pay the 35% "ISR" just because I live in the US when I sell? thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-82329117249240088172016-12-02T08:46:09.062-08:002016-12-02T08:46:09.062-08:00A US Citizen, even a dual citizen, must file US ta...A US Citizen, even a dual citizen, must file US tax returns each year on their world wide income no matter where they live in the world. You will get a credit for income taxes paid in Mexico against any US taxes shown on your US return on the income earned in Mexico.Don D. Nelsonhttps://www.blogger.com/profile/13763998516524589975noreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-32222837658877332542016-12-02T08:27:13.905-08:002016-12-02T08:27:13.905-08:00Let me understand some basics. If I am a U.S. cit...Let me understand some basics. If I am a U.S. citizen of Mexican descent. I live in Dallas, TX but have a property across the border in Mexico. Do I have to pay taxes to IRS? Even if CATASTRO from Mexico is charging me taxes already?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-91464429999339479822013-04-03T20:16:27.538-07:002013-04-03T20:16:27.538-07:00I am glad to know this very interesting post. I th...I am glad to know this very interesting post. I think this is really needed and very helpful to everyone. Thanks for letting us to know this about FBAR form.Paolohttp://www.alveoland.com.ph/Verdana-homes-mamplasan.phpnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-48199319958805099492012-08-16T09:52:41.041-07:002012-08-16T09:52:41.041-07:00Interesting article. Do you happen to have a link...Interesting article. Do you happen to have a link to the PLR?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-9542608017727467842012-08-07T07:12:24.346-07:002012-08-07T07:12:24.346-07:00Well, it good that the IRS has released a chart gi...Well, it good that the IRS has released a chart giving some guidance on what you need to include in the FBAR form (TDF 90-22.1)it is important to know.<br /><br />ajhomes for sale lagunahttp://www.avidaland.com/Santarosa-estates.phpnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-79748826218000465392012-07-11T00:06:40.598-07:002012-07-11T00:06:40.598-07:00Your post is very essential for those who didn'...Your post is very essential for those who didn't know when to include your Mexican and Other Financial Assets on Form 8938 and FBAR forms. Thank you for sharing this.Charles@Real Estate Philippineshttp://www.atayala.com/noreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-81091892918582446242012-06-20T09:46:59.878-07:002012-06-20T09:46:59.878-07:00Wow, this law will serve to compel tax payments fr...Wow, this law will serve to compel tax payments from delinquent paying individuals.Jamiehttps://www.blogger.com/profile/01134892536400547406noreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-40147549725325245622012-04-08T12:43:01.398-07:002012-04-08T12:43:01.398-07:00There should be no strings attached to freedom. Ev...There should be no strings attached to freedom. Everyone should contact their US Government representatives and order them to vote no for senate bill 1813 and also vote no for any bill including the revocation or suspension of passports for individuals owing back taxes or any other reasons. Americans should have the right to travel no matter what happens. Freedom is the most important part of life. Links below are for contacting your government representatives and senators. https://writerep.house.gov//<br />http://www.senate.gov/general/contact_information/senators_cfm.cfm Please help support freedom.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-51366468596817325992012-03-20T07:52:36.628-07:002012-03-20T07:52:36.628-07:00Love your blog! Great Information!Love your blog! Great Information!US Tax Abroadhttp://expatriatetaxreturns.comnoreply@blogger.comtag:blogger.com,1999:blog-1083219480069739808.post-33663056304698940102011-12-30T12:28:25.376-08:002011-12-30T12:28:25.376-08:00Thanks, Don! As usual, a very informative article....Thanks, Don! As usual, a very informative article.Carol Billupshttp://www.caborealtypros.comnoreply@blogger.com