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Form 482.0 Rev. Feb 19 13 LONG FORM 2012 Reviewer Liquidator Serial Number RETURN WITH CHECK (PLEASE ATTACH CHECK HERE) 2012 COMMONWEALTH OF PUERTO RICO DEPARTMENT OF THE TREASURY INDIVIDUAL INCOME.

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While the Commonwealth government has its own tax laws, Puerto Rico residents are also required to pay US federal taxes, but most residents do not have to pay the federal personal income tax.

If your home of record is one of the fifty states, then even if you are stationed in Puerto Rico, the income is sourced to Puerto Rico. You must file a Puerto Rico tax return reporting income from Puerto Rico sources, and a U.S. tax return reporting income from worldwide sources.

The “Year of the Move” Exception Maintaining a tax home in Puerto Rico for the last 183 days of the year. Not having been a bona fide resident of Puerto Rico in the three tax years before the year of the move. Achieving bona fide residency in the year of the move and the two years following it.

Filing Puerto Rico & U.S. Tax Returns. Generally, if you are a Puerto Rico bona fide resident, you must file a Puerto Rico tax return.

It is mandatory to file the income tax returns online for all the registered taxpayers whose taxable income. However, paper returns can be filed by those above 80 years of age who do not have any income from regular business or professional income.

Taxes in Puerto Rico Under this act, residents of Puerto Rico are exempt from paying island or federal income taxes on dividends, interest and capital gains. Residents are also exempt from paying U.S. federal tax on any income that comes from within Puerto Rico.

Whether you should be paying taxes to Puerto Rico Typically, if you have income from Puerto Rico, you will need to pay taxes in Puerto Rico. How you are taxed is dependent upon whether you are a bona fide resident of Puerto Rico or not. Bona fide residency is determined through a variety of factors.

Individuals who are bona fide residents of Puerto Rico are eligible for a possession-source income exclusion, and therefore not subject to U.S. income tax on work or business income sourced from within the territory.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232