Examinations (Audits) The Internal Revenue Service (IRS) accept most taxpayers’ returns as fi­led. If they inquire about your return or select it for examination, it does not suggest that you are dishonest. The inquiry or examination may or may not result in more tax. they may close your case without change; or you may receive… Read More

The Right to Be Informed Taxpayers have the right to know what they need to do to comply with the tax laws. They are entitled to clear explanations of the laws and IRS procedures in all tax forms, instructions, publications, notices, and correspondence. They have the right to be informed of IRS decisions about their… Read More

Exportation of Goods and Services – Basic Information* Puerto Rico’s Tax Rate The benefits are secured in a tax exemption decree for a period of 15 years with an option for extension of 15 additional years. 4% flat income tax rate for the net income earned in eligible activities to markets outside of Puerto Rico.… Read More

Relocation of Individual Investors- Basic Information* Puerto Rico’s Tax Exemption Tax exemption on dividends, interest, and certain capital gains, granted in a tax exemption decree that lasts until 2036. Special rules for gains related to certain investment property owned by US citizens or resident aliens prior to becoming residents of PR Stocks, bonds, debt instruments,… Read More