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Showing results for tags 'mexican bank account'.
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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 this is Mexico. I am not disoriented and I have lived here 6 years so I know where I am. Does anyone know of a traditional Mexican bank that does allow joint bank accounts (both names) in the Lakeside area? Like my Mexican friends say; you can't give people in business here your money. They make the rules so difficult that you just give up. Maybe they are right. My friend had to go to another Mexican State when his mom died in January and he wanted to pay her outstanding CFE bill and take over her account. They refused his money even when seeing her death certificate because the will still is in process of being accepted (it was made and certified 3 years before her death and named him as her only heir and he showed them a copy of it). Meanwhile the bill continues to run up because they won't take the money for payment. I was with him and just had to ask the clerk who cared who paid the bill as long as CFE got their money. No answer. The bill still hasn't been paid because " the powers that be" in that city and State still aren't done with a very straight forward will! Astounding business model. At one point my friend turned to me and said; "its Mexico." I said ; "Yes. I see that you can't give them your money!" Any way back to my question of applying and getting a joint bank account in the Lakeside area. You know; someone who WILL take our money.