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Sc 6096  Form

Sc 6096 Form

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Instructions and help about form sc 6096 puerto rico

hey everyone welcome back to another episode for ask is CPA I am Brett Phillips your go-to source for tax tips and accounting advice today's question comes from Phillip in Sonoma California Philip asks what are the tax benefits of moving to Puerto Rico this is a great question philli in today's video we're going to break it down so if you've been paying attention to the tax planning World you've probably heard some Buzz around Puerto Rico's unique tax advantages but what is the real deal why are so many people and even businesses choosing to relocate to this island well it all comes down to two special programs that can help you significantly reduce your tax bill and that is the act 60 and the Puerto Rican tax exemptions so first up is act 60 also known as the individual resident investor benefit now this law allows US citizens who become residents of Puerto Rico to enjoy some major tax breaks now this includes 0% on dividends 0% tax on i

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