The states listed in this link are great for expats who do not want to worry about their home state trying to collect income taxes though they live and work abroad. Establishing residency in a tax free syate is good tax planning for expats who live in states with laws that make it difficult to avoid state taxes when an expat,
http://abcnews.go.com/Business/states-income-tax-us/t/story?id=21490926&ref=http%3A%2F%2Fnews.google.com%2F
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.
Thursday, January 16, 2014
States with No State Income Tax
Tuesday, January 14, 2014
US BANKS MUST REPORT INTEREST EARNED BY NONRESIDENTS TO IRS WHO WILL SEND TO NONRESIDENT'S HOME COUNTRY
Read details of new reporting here. http://mobile.bloomberg.com/news/2014-01-14/u-s-banks-must-report-foreign-clients-interest-judge.html
Wednesday, January 8, 2014
IRS Video Help
Sunday, January 5, 2014
Fideicomiso IRS Final Filing Suggested With IRS
In June of 2013 the IRS ruled that Fideicomiso property owners no longer had to file forms 3520 and 3520a. It is recommended if you previously filed these forms that you file for 2013 with it marked as FINAL at top and attach a statement referring to the ruling and explaining the forms are no longer required. This will avoid possible letters and fines from IRS when they later find you have not filed the forms!