In Calderon & Associates we are aware that US citizens residing in Mexico are subject to their obligations with the Internal Revenue Services (IRS) of United States, we have partner with US certified public accountant Rick Ashley, who throughout his live has acquired a wide curriculum and experiences in audits, accounting services and tax filing with the IRS.
On March 26, 2009 the Internal Revenue Service (IRS) made a public program allowing US citizens with foreign financial accounts, to greatly reduce their exposure to significant civil penalties and, in many cases, to eliminate the prospects of criminal prosecution. This way US citizens can comply with the necessary obligations as the declaration of bank trusts outside the United States and the declaration of income from bank accounts with average balance over $10,000 dollars.
US tax payers owning property through a Mexican fideicomiso are subject to this obligation.
The services we provide are:
- Formulation of forms for bank trust filing (Form 3520 and 3520A).
- Formulation of forms for bank accounts in Mexico with average balance greater than $10,000 dollars (Form 5471).
- Formulation of forms for income (Form 1040).
