All About Real Property Taxes in Mexico

Nick Fong a well known and respected real estate brokeri in Los Cabos has written an excellent article  on everything you need to know about  Property Taxes in Mexico (click on link )

IRS Announces 2018 Tax Brackets, Standard Deduction Amounts, And More

The article linked below from Forbes on the 2017 tax brackets, deductions, etc.  A lot of this may change if Congress succeeds in changing the tax laws this year.  Congresses current plan would generally provide large breaks for the wealthy, small breaks for the middle class and little for the poor. Read the article here

KEY REASONS PEOPLE ARE RETIRING AND MOVING TO MEXICO FROM USA

Read the following article on the key reasons people are retiring or moving to Mexico to conduct their businesse while living a great lifestyle:  https://amarfriendsfoundation.wordpress.com/2016/07/04/key-reasons-why-people-are-relocating-to-mexico/

If you are thinking about such a move and wish to know more about the US tax consequences and the Mexican tax consequences, email us at ddnelson@gmail.com.  We have hundreds of clients in Mexico and spend six months a year there. We can give you the information you need.

Mexico Enforcing 6 Month Tourist Visas and Payment of Taxes By Gringos Living and Working in Mexico

Mexico is now getting tough on 6 month tourist visas and collecting taxes from gringos renting property in Mexico and earning money while living in Mexico.  See more at the link to the article on Yucalandia.

https://yucalandia.com/2017/09/02/inm-continues-to-increase-enforcement-of-restrictions-on-6-month-tourist-visas/

If you are renting property in Mexico and not paying taxes read the rules http://rentaltaxmexico.com/

If you are working and earning money in Mexico read the tax rules at: https://home.kpmg.com/xx/en/home/insights/2011/12/mexico-income-tax.html

If you need help with your US taxes while in Mexico contact us at ddnelson@gmail.com   Remember, you must still file a US tax return on your worldwide income even though you are paying taxes in Mexico. You do get exclusions and credits for taxes you already paid in Mexico. The statute of limitations never expires for the IRS to assess and collect taxes against your worldwide income if you fail to file a US tax return when you are required to file.

Best Places to Retire Abroad...Mexico

Read about Chuck Bolotins current travels through Mexico with his wife and 2 dogs. Covers place@, experiences, travels and people other than taxes .  READ LINK BELOW

https://bestplacesintheworldtoretire.com/profile/2224-best-places-writer

Legal Aspects of Establishing a Business in Mexico

When you start a business in Mexico, you have decide whether you incorporate; what type of corporation or set up a branch of your US corporation.  If you are a permanent resident you can also set up a sole proprietorship. Below is a great article of the subject written in 2017 (so it is current).

Everything you need to know about forming entities to do busienss in Mexico and operating a business there from Westlaw (click here)

If you wish to review the US tax and legal ramifications of doing business in Mexico with a US attorney who has hundred of clients in Mexico and has been assisting them for over 25 years you should email Don D. Nelson , Attorney at Law at ddnelson@gmail.com     The proper legal and tax guidance will save you not only money but untold problems.

Everything You Wanted To Know about Buying, Selling, Owning, Renting and Occupying Real Property in Mexico from MLS Baja

The list of articles on this link includes almost everything you need to know about real estate law, taxes and ownership in Mexico . It is put together by the Baja Sur MLS and is a great compilation of knowledge from the experts.  SEE INDEX OF AVAILABLE ARTICLES HERE.

If you need help with US taxes in Mexico or rental taxes on Mexico properties, email us at ddnelson@gmail.com