"Fideicomiso Form 3520 A is due 9/15/12"
The Space for Expatriates
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Don D. Nelson
- Male
- Dana Point, CA
- United States
- Blog Posts (14)
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Don D. Nelson's Discussions
IRS Voluntary Offshore Disclosure Program Deadline Extended to 10/15/09
Started Sep 27, 2009
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Welcome, Don D. Nelson!
Latest Activity
Don D. Nelson posted a blog postIRS Announces Efforts to Help U.S. Citizens in Mexico, Including Dual Citizens and Those with Foreign Retirement Plans
Read More about the new IRS Program here. http://us-mexicantax.blogspot.mx/2012/06/irs-announces-efforts-to-help-us.html We can help you prepare past returns and FBARs and enter the New program described in the link above or help you…See More
Don D. Nelson posted a blog postFBAR (TDF 90-22.1) Form due to IRS on 6/29/12 or you risk hugh penalties for non filing or late filing
The report of your foreign bank accounts, foreign stock brokerage accounts, foreign deposits, foreign life insurance cash surrender value, etc. that you own or sign on (even though you do not own it) is due on 6/30/12. To read more about how to file on line and the potentially enormous penalties read our blog at …See More
Don D. Nelson joined George Puckett's group
Internet Based Businesses
There's lots of money to be made on the Internet. Like anywhere else, there are legitimate businesses and there are ripoffs. This is the place to promote and recruit for your favorite Internet Based Business.
Don D. Nelson replied to George Puckett's discussion Baja Diaries"Need anything on paying US taxes or local taxes down here in your book? Don"
Don D. Nelson posted a blog postUS Tax Return Due Dates for 2011
Your US tax return for 2011 is due on 6/15/12 if you were a resident on Mexico on 4/17/12. Your TDF 90-22.1 foreign financial account report is due on 6/30/12 and cannot be extended ($10,000 penalty for not filing or late filing).You can extend your US return until 10/15/12 if you file the required extension form by 6/15.We have…See More
Don D. Nelson's blog post was featuredQUICK US EXPATRIATE TAX FACTS FOR AMERICANS IN MEXICO
US EXPATRIATE FAST TAX FACTS by Don D. Nelson, Attorney, CPA· If you are a US Citizen you must file a US tax return every year unless your income is less than$ 9,500 (for 2011 and lower for earlier years) or have self employment-independent contractor net income of more than $ 400 US per year. You are taxable on your world wide income and required to report it regardless of whether you filed a tax return in your country of residence.· As an US expatriate living in Mexico on 4/15, your 2011…See More
Don D. Nelson commented on George Puckett's group Expatriate Owned Businesses"Want to know more about your US tax obligations, rules and regulations in Mexico? Read the Quick Expat Tax Facts at http://mexicomyspace.ning.com/profiles/blogs/quick-us-expatriate-tax-facts-for-americans-in-mexico
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Don D. Nelson posted a blog postQUICK US EXPATRIATE TAX FACTS FOR AMERICANS IN MEXICO
US EXPATRIATE FAST TAX FACTS by Don D. Nelson, Attorney, CPA· If you are a US Citizen you must file a US tax return every year unless your income is less than$ 9,500 (for 2011 and lower for earlier years) or have self employment-independent contractor net income of more than $ 400 US per year. You are taxable on your world wide income and required to report it regardless of whether you filed a tax return in your country of residence.· As an US expatriate living in Mexico on 4/15, your 2011…See More
Don D. Nelson commented on George Puckett's group Real Estate Professionals (Video)"Form 3520 and 3520A must be filed each year with the IRS for all Fideicomisos in Mexico. Our questionnaire which will help you compile the data or give us the information necessary to provide you with a fee quote for the preparation follows:…"
Don D. Nelson commented on George Puckett's group Medical Tourism (Video)"My wife had plastic surgery in Mexicali. In the same hospital (Almater) I had weight loss gastric sleeve surgery about a year or two earlier. The hospital we went to was better than any we ever went to in the US. The care…"
Don D. Nelson posted a blog postNew Form 8938 Must Be Filed for 2011 Tax Year
IF you own your mexican property through a Fideicomiso or Mexican Corporation, for 2011 there is a new form which may be required ( the break point depends on your residency and the value of your foreign financial assets) This is form 8938 and again failure to file this form when required can result in a $10,000 penalty. This is a reporting form only and does not result in any tax due.If you file an FBAR form (TDF 90-22.1) you must also file this form (if required by minimum foreign assets…See More
Don D. Nelson joined George Puckett's group
Google Plus - G+ Us
Some call G+ the Facebook Killer while others laugh. This Group is for those who believe as I do, that Google will be more relevant, especially for those in business than Facebook is today. Let's help each other understand.Click this LINK to Join me, Gp on G2 See More
Don D. Nelson posted a blog postForm 3520A due IRS for Mexico Fideicomisos on 3/15/11 Unless Extended with Form 7004
IF you own property in Mexico through a Fideicomiso, the US IRS requires that you file Form 3520 and 3520A each year to report your ownership. Those forms are filed separately from your regular US inocme tax return. The Form 3520A is due 3/15/11 for 2010 unless extended with form 7004 filed on or prior to that date. Failure to file these two forms can result in extreme penalties.…See More
Profile Information
- Do you live in the Mexico, the US or Canada
- Both
- What city and state
- Dana Point and Cabo San Lucas
- If in Mexico, how long have you resided there?
- Have been spending time in Mexico for over 20 years
- Tell us about yourself, type of business, last employment
- Attorney and CPA specializing in US expatriate and International Taxation for residents of Mexico. Also licensed California Real Estate Broker for over 30 years.
- Do you have any websites for your business or websites you would like to refer someone?
- http://www.taxmeless.com
- Website Address?
- http://www.us-mexicantax.blogspot.com/
- Website Address?
- http://expatattorneycpa.com
- How did you hear about Mexico-My Space?
- From Linda Neil
Don D. Nelson's Blog
IRS Announces Efforts to Help U.S. Citizens in Mexico, Including Dual Citizens and Those with Foreign Retirement Plans
Read More about the new IRS Program here. http://us-mexicantax.blogspot.mx/2012/06/irs-announces-efforts-to-help-us.html 
We can help you prepare past returns and FBARs and enter the New program described in…
ContinuePosted on June 26, 2012 at 5:43pm
FBAR (TDF 90-22.1) Form due to IRS on 6/29/12 or you risk hugh penalties for non filing or late filing
The report of your foreign bank accounts, foreign stock brokerage accounts, foreign deposits, foreign life insurance cash surrender value, etc. that you own or sign on (even though you do not own it) is due on 6/30/12.
To read more about how to file on line and the potentially enormous penalties read our blog at …
ContinuePosted on June 24, 2012 at 8:57am
US Tax Return Due Dates for 2011
Your US tax return for 2011 is due on 6/15/12 if you were a resident on Mexico on 4/17/12. Your TDF 90-22.1 foreign financial account 
report is due on 6/30/12 and cannot be extended ($10,000 penalty for not filing or late filing).
You can extend your US return until 10/15/12 if you file the required extension…
ContinuePosted on May 27, 2012 at 4:17pm
In Los Cabos to Prepare US Tax Returns for Americans Living in Mexico
I am now in Los Cabos to prepareUS Tax returns for Americans living, working, or owning real estate and 
businesses in Mexico. We have been providing this service to Baja Sur Residents for over 20 years. We will be here until June of 2012. No need to visit us if you wish to use our services on the web at …
Posted on March 17, 2012 at 8:17pm
Senate Expected to Pass Bill that would Revoke Passports of Seriously Delinquent US Taxpayers in Mexico
The US Senate has unanimously approved a provision to a highway transportation bill that would revoke the passports of people with seriously delinquent tax debts. This addition to the bill would allow the State Department to deny, revoke or limit a passport for any individual whom the Internal Revenue Service has certified as having a “seriously delinquent tax debt” in excess of $50,000. …
ContinuePosted on March 17, 2012 at 7:39am
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