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I saw a video today that stateed on June 1st there will be a tax on any deposit to a Mexican debit or credit card account over $5000mx in one month. Does anyone have more information?
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Need recommendations for a tax accountant to fill out the US tax forms reporting Mexican bank account information. This will be sent to my US accountant for my 2019 US taxes. Can send a PM if needed. Many thanks. "Any U.S. citizen with foreign bank accounts totaling more than $10,000 must declare them to the IRS and the U.S. Treasury, both on income tax returns and on FinCEN Form 114." "Americans with foreign accounts must also submit Form 8938 to the IRS in addition to the largely redundant FBAR form."
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- taxes
- mexican law
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