US International Tax Attorney Veracruz Mexico: New “Port” Series Begins

Hello and welcome to Sherayzen Law Office video blog. My name is Eugene Sherayzen and I’m an international tax attorney and owner of Sherayzen Law Office, Ltd.

Today, I’m beginning a new series of vlogs from Veracruz, Mexico and I’m standing here in the port of Veracruz and thinking about the similarities between a port and taxation. At first you would think: ‘What are the similiarities’? A port is where the ships enter and taxation is usually done at an office but if you take a closer look, you will see there are some striking similarities, especially relevant to my area of practice: US International tax law.

First of all, a port means international commerce. A port is crucial to international commerce, so is international taxation. International tax is also a very important factor in international commerce, maybe from a very different angle but still a very important factor.

Second, a port means basically an open door, an open door to anyone who wants to come in and anyone who wants to get out; similarily, a voluntary disclosure is an open door. It’s an open door to anyone who has not been compliant with their US international tax obligations and wants to resolve their prior tax noncompliance.

In this series of vlogs, there will be two parts: the first part is that I will do an overview of major US international tax reporting requirements which are most common in causing noncompliance. In the second part, I will talk about the open door: the IRS voluntary disclosure programs that the IRS has put into place and which are currently still open and I’m right now filming in December of 2024.

In the next vlog, I will begin the discussion of the main US tax reporting requirements.

Thank you for watching, until the next time.