vendredi 30 mars 2018

Federal Taxes: A Tax Shelter in Puerto Rico

Taxation in Puerto Rico.
Question-
Is disability income from a U.S. insurance company classified as earned income with regard to becoming a resident of Puerto Rico for tax purposes (in order not to pay federal taxes)?

I found this statement on-line:
You can qualify as a resident of Puerto Rico if any of the following is true:
1) You were present in the United States for no more than 90 days during the tax year.
2) You had earned income in the United States of less than $3,000 and spent more days in Puerto Rico than you did in the United States during the tax year.
3) Earned income is pay for personal services performed such as wages, salaries, or professional Fees. This amount does not include capital gains.
You had no significant connection to the United States during the tax year.

Many thanks.


Federal Taxes: A Tax Shelter in Puerto Rico

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