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Foreign Account Tax Compliance Act (FATCA)

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Foreign Account Tax Compliance Act (FATCA)

Post by papa chango on Mon Mar 10, 2014 12:40 pm

The Mexican government has signed the Foreign Account Tax Compliance Act (FATCA). This means that tax payments to SAT will be reported to the IRS in the United States for US citizens that are earning interest in Mexico. I plan to attend a seminar this week that will discuss the ramifications of this. However, I'm wondering if any of the posters to this board have any additional information on this situation they would like to share on this board.

 Smokealot
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Re: Foreign Account Tax Compliance Act (FATCA)

Post by David on Mon Mar 10, 2014 1:26 pm

There are US Tax professionals in the area.  Talk to one of them.
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