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 Puerto Rico Corporation Tax Return 2018

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Instructions and help about puerto rico corporate return

ing to Bloomberg tax the IRS is cracking down on people who moved to Puerto Rico under the ACT 60 they wanted to reduce their taxes and now they may be facing the music so here's the headline from Bloomberg tax IRS the US tax agency seizes foothold on Puerto Rico tax Haven audits saying that thousands of individuals and corporations have moved to Puerto Rico and that tax attorneys anticipate quote unquote a lot of audits from IRS on residence and Source income so Puerto Rico has offered previously act 2022 now act 60 which allows Americans or theoretically anybody else who has the legal ability to live in the United States let's say you're on an eb5 or something like that basically a US person can move to Puerto Rico and Avail themselves of dramatically lower taxes on income as well as capital gains and so you had a lot of people particularly in the cryptocurrency and Bitcoin space Traders stock investors people who had capital gains people who had dividend inco

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