Many of my readers live in Mexico, enjoying retirement funded by US-based pension plans. US persons who work in Mexico, however, may have been offered a local financial vehicle known […]
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Category: Orlando Gotay – Tax Attorney
What Is Tax Reform?
Back in January, all eyes were eagerly awaiting the long promised tax reform. We were promised this and that. There was something for just about everyone…of course, if you are […]
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The Gift that Keeps on Giving—Sales Tax on Services
To my readers who are really, really retired, I say “congratulations”. Isn’t Mexico a great place to relax? Others decided not to wait, leading an active work life from […]
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Stopping the Machine
Not long ago someone sent me a YouTube video showing a huge machine that actually eats cars. This amazing monster had enormous rotating teeth that would literally shred an automobile […]
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Mexican Charities and IRS Tax Deductible Contributions
Sometime back I noticed interesting language in the US-Mexico tax treaty. The treaty is an agreement for the purpose of minimizing double taxation between both countries. Article 22 allowed deductions […]
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The Ten-Year Itch Explained
Many people ask me “how long does the IRS have to collect taxes?” The answer always is “it depends”. How? Let’s begin by saying that collection and assessment aren’t the […]
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Boom! The Taco was Not Replaced
Barely minutes after the Obamacare repeal effort went south the news went around the planet, so yeah. Was it a surprise? For some, it was. On to the consequences. If […]
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When your US Corporation “wants” to own Mexican Property
A reader inquired about what effect, if any, there is on a domestic (U.S.) corporation owning property in Mexico. Of course, we need to make this a bit exciting and […]
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Repeal and Replace this Taco!
Well, we got the big enchilada: The bill that, if enacted, would repeal Obamacare. Of course I can’t explain it all to you in 500 words, but here’s some highlights […]
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Will FATCA be repealed?
Since I have been closely following the unfolding—and somewhat constantly shifting tax policy of the Trump administration and the 115th Congress, I get asked often what will happen, if anything, […]
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