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If I Live In The U.S. And I Work In Mexico Do I Owe Any Income Taxes?
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

It depends on your level of income. Any earnings that you receive from working in Mexico would be subject to income tax, just like any domestic earnings. However, if you pay Mexican income tax, you may be able to...   Read More
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If I Live In The U.S. And I Work In Mexico Do I Owe Any Income Taxes?
User Photo Brett Thompson, JD, CPA
Tax Professional Level: Tax Enthusiast

Probably. If you live in the US you have to file a form 1040, citizen of US or not. You might qualify for the earned income exclusion but you have to fill out Form 2555. You have to grind the numbers   Read More
User Photo John Stancil
Tax Professional Level: Master Tax Advisor

Yes, since you had a change of entity, file two Schedule C's. Depreciate the assets on both schedules, taking one half of the year for each.   Read More
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User Photo Todd Strumpfer
Tax Professional Level: Tax Enthusiast

No, it's not too late but we'd need to get started ASAP http://bestcostsegregationservices.org/free-cost-segregation-analysis/ Todd Strumpfer 888.303.4874   Read More
User Photo Dave Hernandez
Tax Professional Level: Tax Enthusiast

Yes you can deduct mileage and lodging (not meals) as long as you maintain a "tax home". You are allowed a deduction for 'duplicated expenses". The jobs must be temporary (lasting less than 12 months)   Read More
User Photo Bernell Ward, EA
Tax Professional Level: Tax Enthusiast

File an amended return for 2011. Request an Audit reconsideration in which case you have the opportunity to provide the additional information. Also, request to have penalties removed.   Read More


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