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 Puerto Rico Tax Forms in English 482 2016

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we recently spoke to a business owner residing in Puerto Rico and here's what we found out so many of you heard of act 20 or act 22 act 20 and 22 allow for a 4% flat income tax rate on business income or a 0% capital gains tax if you're residing parico pretty cool right well here's the problem this person since they relocated their whole business to Puerto Rico about five or six years ago they've been audited every single year by the IRS now you have to consider these type of things right you actually have to move to Puerto Rico have to relocate your business there which could be a good opportunity but remember there's going to be a lot of compliance a lot of legal costs a lot of accounting cost and you're going to deal with the IRS almost every year and the grand scheme of things there's not a lot of people that do this so the IRS does audit these transactions quite frequently but massive benefits for those of you that actually w

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