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Don D. Nelson
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US Expatriate, International and Nonresident Tax Attorney, Kauffman Nelson LLP, CPAs
US Expatriate, International and Nonresident Tax Attorney, Kauffman Nelson LLP, CPAs

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CAPITAL GAINS AND LOSSES FOR EXPATRIATES AND US NONRESIDENTS, ETC.
When a person sells a capital asset, the sale normally results in a capital gain or loss. A capital asset includes inherited property or property someone owns for personal use or as an investment. Here are 10 facts that taxpayers should know about capital g...

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CONSEQUENCES FOR AMERICANS AND CANADIANS FAILURE TO PAY TAXES ON RENTAL INCOME ON MEXICAN PROPERTY
What are the consequences of failing to report the rental income in Mexico? You will be liable for not being enrolled as a taxpayer which can cost you from 2,740. to 8,230 pesos when assessed by the SAT.   The penalty for not making rental tax declaration...

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DO NOT Purchase Foreign Mutual Funds - Or You May Have to File Form 8621 Which Could Take you 48 hours
If you live abroad, or in the USA, do not make the mistake of purchasing a foreign mutual fund.  Why?  Such You must file as separate form for each foreign mutual fund each year.  If the aggregate value of your PFIC stocks are less than $25,000 if filing as...

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