[ Offshore Tax ] Resident in Mexico, Working for American Company

Описание: [ HTJ Podcast ] Resident in Mexico, Working for American Company.

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Resident in Mexico, Working for an American Company

DERREN JOSEPH

I work for a company based in California and we all work remotely even before COVID-19. All my wages are deposited into my US bank account. I don't think I'm considered an ex-pat. Question, I live in Mexico and recently gained temporary resident status. I don't earn any wages from a Mexican source. So, US expat living in Mexico, no Mexico source income, all US source income deposited into the account in the US. Carlos, what are your thoughts?

CARLOS MORALES

Okay. I think that the main situation to be analyzed here is that this person is living in Mexico. So, living in Mexico, what in place, if this person is living in Mexico, let's say, has a house in Mexico could be considered as a Mexican resident. If let's say that this person is working in Mexico but has a family outside of the US or he has a passport in the US. So, we can have a double taxation here. Maybe the, let's say the Mexican authority would look at the bank accounts in the US, it doesn't matter that it's outside of Mexico. It's a matter that the company is based in California, but they would look at the residence of this person. It will be very important to this person to be clear of what is his Mexican status. And I can say here that if this person is a Mexican resident by his permanent house living, then will be very important to take him out of that situation. Maybe if he chooses to be a US tax resident, maybe to file a suspension notice before the Mexican IRS in other to be out of the scope of the Mexican authorities, and also to file another notice in the mailbox of the Mexican IRS is very important to this person to look at his experimental housecleaning, to know if he has the risk or not.

VOICEOVER

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