WARNING! Pack your carry-on bags prudently the next time you depart from Mexico! If anyone knows specifics of a new carry-on policy in Mexico, I'd love to hear them. For now I can only share my experience departing from the La Paz International … [Continue reading]
Extension IRS Voluntary Offshore Disclosure
Today one of our accountants announced that IRS extended the deadline for the previously reported Voluntary Offshore Disclosure from September 23, 2009 to October 15, 2009, in order to "provide relief for those taxpayers who had intended to come … [Continue reading]
Exchanging dollars to pesos
Exchanging money in La Paz is more challenging these days. The banks I normally use will no longer exchange U.S. dollars for pesos. We have to use a cambio, or money changing service. I am told this is a government regulation to stem the flow of … [Continue reading]
IRS Offshore Voluntary Disclosure
Time is very short to take advantage of a semi-amnesty program offered by IRS to induce US expats to “come in from the cold” if they have not filed the proper tax returns, schedules, or paid taxes due from living or working abroad. U.S. … [Continue reading]