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.
I’m continuing a series of vlogs from Alvarado, Mexico. In the first half of the series, I have focused on debunking various myths concerning US taxation for US persons who reside outside of the United States and in particular, in line with the general theme of this series of vlogs: Mexicans who acquired US tax status and continued to reside in Mexico.
Now that we’ve discussed where the wrong beliefs about US tax obligations of these persons, it is time now to turn our attention toward the actual, correct reporting obligations of US persons who reside in Mexico and we will begin with the most basic of them: worldwide income tax reporting.
A US person who resides in Mexico, and when I say a US person, I include Mexicans who acquired either US permanent residency or US citizenship and continue to reside in Mexico, for most of the year, at least. These persons must disclose their worldwide income on their US tax returns. Not just US-sourced income but worldwide income on their US tax returns. This is an absolute requirement and all US persons who reside in Mexico must comply with it.
This means reporting US-sourced income, Mexican-sourced income and any other income from whatever source or whatever country, it must be disclosed on US tax returns.
In the next vlog, I will continue discussing US tax obligations of Mexicans who acquired US status and continue to reside in Mexico.
Thank you for watching, until the next time.
http://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.png00adminhttp://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.pngadmin2025-06-04 21:15:522025-06-04 21:21:55Worldwide Income Taxation for US Persons in Mexico | US International Tax Lawyer Alvarado Veracruz
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.
In this vlog from Alvarado, Mexico, I would like to continue focusing on the theme of debunking various tax myths that exist concerning the tax obligations of US tax persons who reside in Mexico; myths which are absolutely false but widely believed.
One of such myths is one I call the ‘US Citizens Only Myth’. Sometimes it has a variation of ‘US Permanent Residents and US Citizens Only Myth’. The idea behind these myths are very simple and very believable, this is why they are so wide-spread. That even though you may have qualified for under the substantial presence test to become a US tax resident, only US citizens or sometimes only US permanent residents and US citizens have to disclose their worldwide income and foreign assets on their US tax returns. The rest do not; they’re either not US citizens or they’re not US permanent residents or as I said there are variations on this myth.
This is completely false. As long as you are a tax resident, whether you are a tax residency comes from the substantial presence test, the fact that you are a permanent resident or the fact that you are a US citizen; it doesn’t really matter, what the precise source of this belief but as long as you are a US tax resident, you must disclose your worldwide income on your US tax returns and you must disclose your foreign assets to the IRS.
Thank you for watching, until the next time.
http://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.png00adminhttp://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.pngadmin2025-06-03 21:21:482025-06-03 21:33:07Debunking the "Only US Citizens" Myth About US International Income Tax Compliance | FBAR Lawyer
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 continuing my series of vlogs from Alvarado, Mexico. In the first part of this series, I’m focusing on debunking various myths that exist concerning US obligations of Mexicans who reside in Mexico and one of the most popular myths is what I call ‘The Big Fish Myth’.
‘The Big Fish Myth’ is basically a belief that only people who are multimillionaires and multibillionaires need to disclose their foreign accounts and foreign income to the IRS. This is completely wrong.
While the extent of your tax reporting obligations may be affected by the amount of assets that you have, if you have assets outside of the United States and if you have income outside of the United States, you must disclose it.
Your worldwide income obligations are not affected by the fact that you have $1,000 of foreign income or you have $1,000,000 of foreign income; you still must report it. Your obligations may change in number and intensity but the basic obligation to disclose foreign assets to the IRS and disclose foreign income on your US tax returns remains unchanged.
Thank you for watching, until the next time.
http://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.png00adminhttp://sherayzenlaw.com/wp-content/uploads/2018/01/sherlawltd_logo.pngadmin2025-05-28 22:21:302025-06-03 21:24:27Obligation to Report Foreign Account to the IRS is Universal | US International Tax Attorney Mexico
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Worldwide Income Taxation for US Persons in Mexico | US International Tax Lawyer Alvarado Veracruz
/in International tax attorney & lawyer Video /by adminHello 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.
I’m continuing a series of vlogs from Alvarado, Mexico. In the first half of the series, I have focused on debunking various myths concerning US taxation for US persons who reside outside of the United States and in particular, in line with the general theme of this series of vlogs: Mexicans who acquired US tax status and continued to reside in Mexico.
Now that we’ve discussed where the wrong beliefs about US tax obligations of these persons, it is time now to turn our attention toward the actual, correct reporting obligations of US persons who reside in Mexico and we will begin with the most basic of them: worldwide income tax reporting.
A US person who resides in Mexico, and when I say a US person, I include Mexicans who acquired either US permanent residency or US citizenship and continue to reside in Mexico, for most of the year, at least. These persons must disclose their worldwide income on their US tax returns. Not just US-sourced income but worldwide income on their US tax returns. This is an absolute requirement and all US persons who reside in Mexico must comply with it.
This means reporting US-sourced income, Mexican-sourced income and any other income from whatever source or whatever country, it must be disclosed on US tax returns.
In the next vlog, I will continue discussing US tax obligations of Mexicans who acquired US status and continue to reside in Mexico.
Thank you for watching, until the next time.
Debunking the “Only US Citizens” Myth About US International Income Tax Compliance | FBAR Lawyer
/in International tax attorney & lawyer Video /by adminHello 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.
In this vlog from Alvarado, Mexico, I would like to continue focusing on the theme of debunking various tax myths that exist concerning the tax obligations of US tax persons who reside in Mexico; myths which are absolutely false but widely believed.
One of such myths is one I call the ‘US Citizens Only Myth’. Sometimes it has a variation of ‘US Permanent Residents and US Citizens Only Myth’. The idea behind these myths are very simple and very believable, this is why they are so wide-spread. That even though you may have qualified for under the substantial presence test to become a US tax resident, only US citizens or sometimes only US permanent residents and US citizens have to disclose their worldwide income and foreign assets on their US tax returns. The rest do not; they’re either not US citizens or they’re not US permanent residents or as I said there are variations on this myth.
This is completely false. As long as you are a tax resident, whether you are a tax residency comes from the substantial presence test, the fact that you are a permanent resident or the fact that you are a US citizen; it doesn’t really matter, what the precise source of this belief but as long as you are a US tax resident, you must disclose your worldwide income on your US tax returns and you must disclose your foreign assets to the IRS.
Thank you for watching, until the next time.
Obligation to Report Foreign Account to the IRS is Universal | US International Tax Attorney Mexico
/in International tax attorney & lawyer Video /by adminHello 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 continuing my series of vlogs from Alvarado, Mexico. In the first part of this series, I’m focusing on debunking various myths that exist concerning US obligations of Mexicans who reside in Mexico and one of the most popular myths is what I call ‘The Big Fish Myth’.
‘The Big Fish Myth’ is basically a belief that only people who are multimillionaires and multibillionaires need to disclose their foreign accounts and foreign income to the IRS. This is completely wrong.
While the extent of your tax reporting obligations may be affected by the amount of assets that you have, if you have assets outside of the United States and if you have income outside of the United States, you must disclose it.
Your worldwide income obligations are not affected by the fact that you have $1,000 of foreign income or you have $1,000,000 of foreign income; you still must report it. Your obligations may change in number and intensity but the basic obligation to disclose foreign assets to the IRS and disclose foreign income on your US tax returns remains unchanged.
Thank you for watching, until the next time.