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 Form it 605 Claim for EZ Investment Tax Credit and EZ 2020

2020-2025 Form

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Instructions and help about Form IT 605 Claim For EZ Investment Tax Credit And EZ

I moved to Puerto Rico last year can I prepare my own us tax return you'll find out on this episode of taking shelter I'm your host Peter [Music] pson viewer mail today Josh from Atlanta writes if I move to Puerto Rico and claim the tax incentives can I still do my own us tax return Josh you've made me curious so I'm going to try it out myself I assumed I moved to Puerto Rico last year and I used readily available guidance to try to create a return I would be comfortable signing and filing let's start with a overview of the tax incentives that attract people to Puerto Rico act 60 is over 300 pages of lush tropical tax incentives in particular there is a small business incentive that can provide a 4% tax rate on a broad range of services provided to customers outside of Puerto Rico there's also an investment incentive that can provide a zero tax rate un qualified investment income like capital gains acre during Puerto Rican residence that&

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