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Showing results for tags 'mexican bank account'.
Need recommendations for a tax accountant to fill out the US tax forms reporting Mexican bank account information. This will be sent to my US accountant for my 2019 US taxes. Can send a PM if needed. Many thanks. "Any U.S. citizen with foreign bank accounts totaling more than $10,000 must declare them to the IRS and the U.S. Treasury, both on income tax returns and on FinCEN Form 114." "Americans with foreign accounts must also submit Form 8938 to the IRS in addition to the largely redundant FBAR form."
I have tried to open a joint Mexican bank account at Bancomer with my Mexican spouse. They said that I could be on the account as someone who could get the money if something happened to my spouse but they could not give us a joint account. I was astounded. I pointed out that my teacher's pension would not transfer money into an account that did not have my name on it. Their solution? Open a separate account in my name. I told them that that makes no sense to me because I have my SS and pensions transferred to my U.S. bank now. When I asked why this could not be done she actually replied that