Late on a recent Sunday night my “teletype” sprang to life, alerting me to important news on the Mexican tax front. And there sure was. The López Obrador administration issued […]
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Category: Orlando Gotay – Tax Attorney
Poof! Civil Confiscations in Mexico
Last month, Mexico enacted a law strengthening civil forfeiture powers, part of the administration’s efforts to combat corruption. This is the “Ley Nacional de Extinción de Dominio”. Civil forfeiture is […]
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It’s All in the Cards
Earthquakes can be catastrophic events due to massive forces and unpredictability. Science always looks for clues to figure out when the next “big one” will arrive. In the tax arena, […]
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The Private (Tax) Bill Collector
Willful, or Less so? It’s all in your Mind I just came across the Foreign Bank Account Report (FBAR) penalty of a US citizen living in Mexico. US persons with […]
Read more“I Paid My Income Tax Today”
The current filing season has managed to rile many, with smaller refunds than expected, or the unthinkable…needing to write a check to cover the unexpected balance due. I keep my […]
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The Gift that Keeps on Giving
I regularly get asked questions about Mexican corporations and U.S. taxes of their American shareholders. Foreign corporations are a minefield that is best avoided, unless there’s no practical alternative. Sadly, […]
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How Best to File Your Tax Return
Every now and then I hear the question: how best to file one’s tax return? I hear this often uttered with the enthusiasm of someone facing a root canal. For […]
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The ‘Disappearing’ Passport
I’ve written before about passport nonrenewal and “seriously delinquent” tax debt. When the provisions took effect in 2015 the IRS, Treasury and State Departments “set up shop” for this. The […]
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The Troublesome ‘Grease’ Payment
Anyone who has been here for any meaningful time knows that corruption is, sadly, an ongoing reality—perhaps prevalent as tacos and tequila. In 2017, Transparency International ranked Mexico 135 out […]
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The “Permanent” State Resident
“How does one declare nonresidency?” –a question I hear often when it comes to state income taxes. One doesn’t ‘declare’, it is done with deeds. Not being careful may cause […]
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