Catherine Posted October 8, 2018 Report Share Posted October 8, 2018 Anyone here have experience with taxes in Puerto Rico? One client is considering moving there and I've never dealt with PR taxation. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted October 8, 2018 Report Share Posted October 8, 2018 From what I've seen on other FB groups, Puerto Rico requires those who prepare Puerto Rico returns to be specifically certified (not sure what their designation is called). J. Stephen Odom, EA in FL is suitably certified and prepares Puerto Rico returns. If you are an NAEA member you can contact him via the NAEA webboard (online forum); otherwise a google search may yield his contact information. 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted October 8, 2018 Author Report Share Posted October 8, 2018 Thanks, Lynn! Quote Link to comment Share on other sites More sharing options...
Max W Posted October 9, 2018 Report Share Posted October 9, 2018 Puerto Rico residents file a 1040-SS, in English, or 1040-PR, in Spanish only to report SE taxes. There is no US income tax. However, Puerto Rico has its own form and the taxes are comparatively higher than US states, due to the fact that little US revenue goes to PR. A prepare has to be certified by Hacienda (Treasury) to prepare PR taxes. BTW, the same 1040-SS is used in the various territories, as well. 1 Quote Link to comment Share on other sites More sharing options...
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