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Does mexico require a capital gains tax to be paid on money
does mexico require a capital gains tax to be paid on money transfer from mexico to the us for a sale of a time share? … read more
Barbara
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I am a US citizen married to British citizen who has a
I am a US citizen married to British citizen who has a greencard. His parents have offered to loan and/or gift us a sizable downpayment for a home purchase in the US. What are the Tax implications, fo… read more
Barbara
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My parents, who are not US citizens gifted me $130K earlier
My parents, who are not US citizens gifted me $130K earlier this year. Do I need to pay tax on this gift? And as equally importantly they are about to gift myself and my husband another $180K to assis… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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My mother passed away recently and left me a $350K
Hello. My mother passed away recently and left me a $350K inheritance in cash. She is a Mexican citizen and lives in Mexico. I am an American citizen (with dual -Mexican citizenship as well). My quest… read more
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My father has gifted me $900,000 in 5 installments starting
Dear Sir, My father has gifted me $900,000 in 5 installments starting June 2017 and ended in June 2018. All installments were wired to my account here in the US. All wires were marked as gift to daugh… read more
Barbara
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His can you let me know how this service works? I have tax
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I have a question about several gift money we will be
I have a question about several gift money we will be receiving from our older siblings who are not US citizen or green card holders living overseas: My brother will send me $50,000, and my husband will get some money (perhaps about $100,000) from his brother. There is $100,000 cap per calendar year...Does this limit apply to each person or as a couple? He actually sent me $20,000 wire transfer last month but I sent it back because I was not sure about the tax law. … read more
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We have a timeshare in Mexico, and if we sell it, do we pay
Hi, we have a timeshare in Mexico, and if we sell it, do we pay a tax on capital gains/loss in Mexico or file it in the US pay tax if due? … read more
Robin D.
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Client and s wife have a US LLC. Husband, a dual US/Mexican
Client and his wife have a US LLC. Husband, a dual US/Mexican citizen owns a villa in Mexico which they rent and manage within the US LLC. Other than possible FBAR reporting, does this activity trigge… read more
Robin D.
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Merlo, My wife is a NRA and I am a US citizen. We are
Hi Merlo, My wife is a NRA and I am a US citizen. We are currently residing overseas but plan to move back stateside next year. My wife has overseas savings of over 1m USD and our plan is to use a par… read more
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i am a non US citizen, who has bought and sold US based stock
i am a non US citizen, who has bought and sold US based stock in the US. i have not submitted W8-BEN forms and the IRS has frozen the wire transfer from the sale of my shares. a time delay of 8weeks m… read more
CGCPA
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Am I required to pay taxes on money I received from Mexico
Am I required to pay taxes on money I received from Mexico wired to me from my brother? Or is this money considered a "gift" and no taxes are required? This money is not part of a trust.… read more
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To whom it may concern: What form should our company be filling
To whom it may concern: What form should our company be filling out? Per our telephone conversation…we are trying to update our vendor information in our database and we have incomplete tax informatio… read more
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I have been asked to wire funds to an Account at Banamex for
I have been asked to wire funds to an Account at Banamex for the taxes on the sale of my time share in Puerto Valllarta. The entity that has asked me to do this tells me that they have a buyer for my … read more
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Sir, This is in continuation of my mail and your answer 4.8.2010
Sir, This is in continuation of my mail and your answer 4.8.2010 [Ref:m1n31n - Expert Merio] that there is no tax liability for NRA to a gigt to a U.S.Citizen. Will you please comment whether there is… read more
Merlo
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My mother, a US resident, sold her house in Mexico and needs
My mother, a US resident, sold her house in Mexico and needs to transfer that money here to the US (Florida). I am a US citizen and support her in handling her finances. She is interested in bringing … read more
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My parents that live in Pakistan have gifted us some money
My parents that live in Pakistan have gifted us some money in (2008 ) and, properties (2008) which we sold in 2009 and are planning to have the funds wired to the US and Canada. The total monies are a… read more
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My father in law, who lives outside the U.S. and is not a ...
My father in law, who lives outside the U.S. and is not a U.S. citizen, has offered to pay off my/my wife''s home mortgage (appx. $450K). If he sends us a check or wire transfer, when we received the … read more
jgordosea
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