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bajaponyexpress3@gmail.com
Sunday, September 7, 2009 - #637
Notes from Cheryl: Lots of people are looking for road
reports. Please, if you drive up or down send a note to the BPE re
major danger spots, gas and motels.
Get into my address book so you can receive an email notice that
there is a fresh, new BPE to read!
bajaponyexpress3@gmail.com Put
"Subscribe" in the subject line.
~~~~~~~~~~~~~~~~~~~~~~
HURRICANE JIMENA
a. HOLA, HERE IS A REPORT FROM ANA CARRANZA OF THE HOTEL ANGRA IN
LORETO ON SATURDAY, SEPT. 5 VIA EMAIL.
Hi James,
Thank you for writing, We are fine!! but we didn't have electricity
for 3 days and a really big power plant just arrived and started
working for all the town, now we have electricity but I'm not sure
how it will be working, so the hotel stayed closed, and we'll open
tomorrow. I loose some reservations for the weekend because this
situation but I hope this week It'll get better.
Jimena was really hard hurricane but thanks god it wasn't as bad for
Loreto as it was for Cd. Constitucion and Puerto San Carlos, poor
people. So the hotel is just fine and me and my family are great
thank you for your concern.
We hope to see you soon and keep in touch! I'll let you know how
this is working with the power plant.
b.
http://www.flickr.com/photos/jjchristie/sets/
http://www.flickr.com/photos/13325150@N08
Here is a few links to some pictures up north in Puerto Escondido,
what a mess it is, talked to friends going north and it is terrible
on the highway with lots of bridges out and major flooding.
Roberto
========================
This is the last call for sign up for an O/F's beach volley ball
league. So far there are 5 men and 1 woman so other ladies are
encouraged to express interest. All are welcome!
gwedmd7360@earthlink.net
=========================
LARGE DOG CRATE - Does anyone have a large dog crate for shipping a
dog on a plane measuring about 48" L 30"H 30"W. Please contact me at
markalbertemail@yahoo.com
Thanks
=========================
Has anyone driven the highway north or south in the last few days?
Our sons are planning to drive back to California on Thursday and we
want to be sure they can make it through.
Thank you,
Ron Nelson
ron@magicofthemoon.com
======================
NOTICE TO ALL EXPATRIATES OR U.S. TAXPAYERS WITH OFFSHORE
INVESTMENT, BANK, CORPORATE, TRUST, LLC OR BUSINESS INTERESTS –
THE IRS OFFSHORE VOLUNTARY DISCLOSURE PROGRAM'S DEADLINE TO
PARTICIPATE ENDS 9/23/09.
If you wish to participate in this program in order to reduce
possible interest and very high penalties for not reporting foreign
income, foreign corporations, foreign investment or bank accounts,
foreign trusts, fideicomisos, foreign partnerships, investment
companies or LLCs, you must act now and send the required letter to
the IRS by the deadline date of September 23, 2009. The returns
and/or appropriate forms can then be prepared and filed afterwards.
But they cannot be submitted after the deadline without the required
letter being submitted by the deadline - no extensions will be
available.
? Read more about the program and all of its details at
http://www.taxmeless.com/IRS% 20Disclosure.htm . You can then
determine if this program applies to your particular situation. This
web page lists the 52 questions which explain most aspects of the
program and how to send a letter if you wish to participate by the
deadline. If you do have undisclosed income and have not filed the
Offshore IRS forms (some of which are listed below) the IRS will
limit your penalties to 20% of the highest value of your offshore
assets during any one of the six year period plus taxes, interest
and the 20% negligence penalty.
? If you reported all foreign income, business income, interest, etc
on your tax return, or if the offshore activity produced no income,
but you failed to file the required forms (some of which are listed
below) you must file those forms before 9/23/09 with your personal
tax returns for those years showing that income was reported or risk
possible large penalties. If you follow the procedure set forth in
the 52 questions listed above you can avoid any of the huge
penalties which are often attached to those forms.
? Just a few of the IRS forms which you may not have filed but
should file now include 5471 (foreign corporation ownership), 3520
and 3520A ( foreign trusts or Mexican Fideicomisos), TDF 90-22.1
(foreign bank and financial account report), 8865 (foreign
partnership), Form 926 (contribution of capital to a foreign
corporation), 8621 (Return of Passive Foreign Investment Company,
and others too numerous to mention. Most of these are listed in the
52 FAQ on the program which can be reviewed at the link listed above
or at the IRS website at
http://www.irs.gov/newsroom/article/0,,id=206012,00.html
? The IRS has stated that those who fail to participate and later
attempt to amend returns to report unreported foreign income that
involve the listed forms which were not timely filed will be
assessed the penalty that is associated with such a late filed form
-which can be $10,000 or more per year depending on the form.
? The IRS has now also stated that taxpayers who in the past years
have attempted to catch up and file past due returns that involve
offshore income and the forms listed in the 52 questions should also
enter the voluntary disclosure program to limit their penalties, or
risk the even greater penalties the IRS can impose for late filing
those forms, which are stated in the instructions to such forms. The
IRS has indicated they plan to go back and locate those people who
have attempted “private disclosure” and assess those penalties. How
many years back they will look has not been disclosed by the IRS.
Why Did You Receive This Notice?
Since time is of the essence, we have sent this notification to
everyone on our general email list. If you are not a client or an
interested US taxpayer who currently lives abroad or lived abroad in
past years, or had offshore business, bank, trust, investment or
property interests, do not bother with this notice because it should
not concern you. This is only intended for expatriates or those who
have lived abroad now or in the past and for those US taxpayers that
have owned interests in a foreign corporation, foreign trust,
Mexican fideicomiso, offshore bank or any investment account located
outside the USA or if they participated in a partnership, investment
company or LLC not incorporated in the USA.. If you are not sure
whether you are someone who should participate in the Offshore
Voluntary Program you should read all about it at this following
website link:
http://www.irs.gov/newsroom/article/0,,id=206012,00.html
Don D. Nelson, Attorney, C.P.A.
Dana Point, California, USA
Phone 949-481-4094
Fax 949-218-6483
Email: dondnelson@yahoo.com
Website: www.taxmeless.com
==================================
RIDES FOR PEOPLE AND STUFF
a. Oregon couple crossing US border @ Mexicali approx Oct 12.
Would like to caravan with others travelling south, to LB.
There is safety in numbers!
Mike and Mary
mima.pdx@comcast.net
NOT WANTED - Repeats ONCE a week -
Subject to Editing!
a. We have an old propane refrigerator, not in working condition, to
give away. Apparently it needs a new cooling unit, and if you are
the fix-it type, or want to invest a little more you would have a
reasonable frige for a good price. It is a stand-up type, about
10-11 years old. All you have to do is pick it up in Cabo Pulmo.
Email me at janningk@gmail.com
if you are interested or would like photos.
===================The End
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