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YucaLandia


Jun 1, 2017, 6:34 AM

Views: 3205

Re: [Baja13] Entering and exiting with permanent residency

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The only 2 tweaks I'd offer is whether you might ever want to become a naturalized Mexican citizen ... plus possible tax issues. People who exit Mexico at land crossings without logging out are still recorded when they return to Mexico. Those one-sided records cause problems with proving you have been inside Mexico enough time to qualify for Mexican citizenship (see SRE requirements**), and the big gaps in our exit records can make tax issues very messy if you have Mexican income.

There are times that it can be very advantageous to claim Mexico as your 'tax home' ... and times when it can be very advantageous to claim USA as your 'tax home'. Both Mexico & USA use the # of days inside Mexico (and outside of the USA) per year to determine where your tax home is* ... and to whom you owe taxes.

e.g. Consider how indefinite-incomplete immigration records of when you cross the border affect an effort to prove that you are exempt from paying the $700 US dollars a year in US taxe 'fees' for not having US qualifying health care. (If your MAGI is high, you may also be penalized with additional % US IRS penalties, if you don't have qualifying coverage, and are unable to prove you were outside the USA for nor more than the 35 (or 36) days of the "Physical Presence Test".

*Details on taxes & 'tax home' determinations can be found at:
https://yucalandia.com/answers-to-common-questions/irs-tax-issues-for-americans-living-and-working-abroad-in-mexico-master-article/

**Details on naturalized Mexican Citizenship:
https://yucalandia.com/answers-to-common-questions/new-rules-and-procedures-for-immigration-visiting-and-staying-in-mexico/#Immigration Requirements that Relate to Becoming a Naturalized Citizen

Happy Trails,
steve
-
Read-on MacDuff
E-visit at http://yucalandia.com

(This post was edited by YucaLandia on Jun 1, 2017, 6:45 AM)


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Post edited by YucaLandia (Veteran) on Jun 1, 2017, 6:45 AM


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