Can the US IRS Track You in Mexico? You may be surprised! Unveiling FATCA & FBAR for Expats!

Today, we’re unraveling a topic that’s often shrouded in mystery and confusion for many Americans abroad: The Foreign Account Tax Compliance Act (FATCA) and the Foreign Bank Account Report (FBAR) requirements. If you’re an American living in Mexico, understanding these regulations is crucial to avoid hefty fines and legal issues.