IRS

How to become a bona fide resident of Puerto Rico and take advantage of its tax incentives?

In recent years, Puerto Rico has become the best option for many Americans to legally minimize their tax obligations while maintaining their citizenship. While it is true that Puerto Rico is a territory of the United States, it has its own tax system. This means that its residents are not subject to federal taxes. However, […]

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5 Inheritance Law Changes That Will Benefit You - New Civil Code Of Puerto Rico

5 Inheritance Law Changes That Will Benefit You – New Civil Code Of Puerto Rico

The new civil code of Puerto Rico includes some changes in the inheritance law that could favor you. That is why we’ve gathered the most significant changes regarding inheritance. These adjustments involve: – Distribution of inheritance under will. – The right to housing. – Who inherits when there is no will? – Debts of deceased

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tax accounting

What is the Importance of Tax Planning for your Company?

Tax obligations are usually one of the biggest headaches for most individuals and companies. Whether as citizens or as entrepreneurs, we have surely thought on more than one occasion: Is it possible, while acting within the strictest legality, to pay fewer taxes? Am I paying more taxes than I should? Questions that, perhaps, would not

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Investing In Puerto Rico

Four Really Good Reasons to Consider Investing In Puerto Rico

Undergoing an economic transformation, Puerto Rico has revived the interest of investors, especially regarding tourism, real estate, and, digital companies. And the reason is that Puerto Rico has certain special benefits and many aspects that attract foreign companies and investors. The boom in the development of entrepreneurship in this island has taken place in the

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Do you have unpaid back taxes? You can request IRS and local tax relief now

May 27, 2022 – San Juan, Puerto Rico. If you have an IRS or local tax balance and do not pay or respond to setup a resolution, the IRS and many states can pursue enforced collections actions that make your life more difficult. Here are some of those negative consequences and why you need to

Do you have unpaid back taxes? You can request IRS and local tax relief now Read More »

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