US and Mexico Taxes for Americans Living in Mexico. If you have a fideicomiso, Mexican corporation, a foreign bank account in Mexico, or live in Mexico this blog will have data you need about the required forms 5471, 3520, 3520A, FBAR 114, 926, 8865, 2555, 1116, etc., which you may have to file if you live and work in Mexico.
Monday, January 3, 2011
New Form 8938 Required to Report Foreign Financial Assets For Tax Years Beginning after 3/18/10
For tax years beginning after 3/18/10 you must now file form 8938 to report your foreign financial assets if the total value of those assets equals or exceeds $50,000 in that taxable year. The final form and instructions defining those foreign financial assets which are included have not yet been released .
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