A Puerto Rico tax return reporting only your income from Puerto Rico sources. Wages for services performed in Puerto Rico, whether for a private employer, the U.S. government, or otherwise, is income from Puerto Rico sources. A U.S. tax return (Form 1040NR) according to the rules for a nonresident alien. See the Instructions for Form 1040NR.

Puerto Rico tax and incentives guide These include a fixed corporate income tax rate, one of the lowest in comparison with any US The official languages of the executive branch of government of Puerto Rico are Spanish and English. Although Spanish is spoken more commonly, business is Instructions for Form 1120-S, U.S. Income Tax Return for an S Corporation 2018 (English and Spanish) 0612 04/29/2013 Special Instructions for Bona Fide Residents Of Puerto Rico Who Must File A U.S. Individual Income Tax Return (Form 1040) Earning income in Puerto Rico is subject to the tax laws of both Puerto Rico and the United States. Although a part of the U.S., Puerto Rico has an independent tax system similar to the one in the U.S. Instructions for Form 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) Form 2441 Child and Dependent Care Expenses Instructions for Form 2441, Child and Dependent Care Expenses What You Need to Know about CTC and ACTC. Schedule 8812, Child Tax Credit. Instructions for Schedule 8812. Publication 4298, EITC, efile and Child Tax Credit Poster Exclusion of income by bona fide residents of Puerto Rico. Yes, Puerto Ricans do pay some federal income taxes in addition to the local income tax they pay in Puerto Rico. They pay the federal tax that funds Social Security and Medicare (the Federal Insurance Contributions Act (FICA) tax). To request a Puerto Rico extension, file Form AS 2644 (Request for Extension of Time to File the Income Tax Return) by the original due date of your return. If you owe Puerto Rico tax, you should include