How Will FATCA Affect US Citizens Living In Mexico?

[Estero]

"The US is the only industrialized country in the world that taxes its citizens regardless of where they live."

http://www.sandiegored.com/noticias/53494/How-Will-FATCA-Affect-US-Citizens-Living-In-Mexico/

 

[jerry]

"The US is the only industrialized country in the world that taxes its citizens regardless of where they live."

http://www.sandiegored.com/noticias/53494/How-Will-FATCA-Affect-US-Citizens-Living-In-Mexico/

http://www.expatforum.com/america/tax-prospects-getting-better-for-american-expats-says-financial-firm.html good info on some work arounds.

 

[MIRAMAR]

But if you live outside the country, and if you qualify, you can exclude up to $91,400 on form 2555 or can get a credit on foreign taxes paid on form 1116.

http://www.irs.gov/uac/Five-Facts-about-the-Foreign-Earned-Income-Exclusion

https://ttlc.intuit.com/questions/1901623-form-1116-foreign-tax-credit