Taxation is far from being the most exciting part of your freelancing business. As a matter of fact, it is a very dull, boring, time-consuming, frustrating and expensive part of your life.
Todos los ciudadanos estadounidenses están sujetos a las disposiciones del Código de Rentas Internas de los Estados Unidos (United States Internal Revenue Code, USIRC), independientemente de su lugar de trabajo o residencia. Dado que las personas nacidas en Puerto Rico son ciudadanos estadounidenses, están sujetas a las disposiciones del USIRC.
On Thursday, News is my Business obtained a copy of the notice the Internal Revenue Service sent to the government of Puerto Rico with regards to the federal credit granted for the 4 percent excise tax that went into effect in January.
Local manufacturing companies subjected to the 4 percent excise tax imposed in January through Law 154 may want to breathe a sigh of relief, as the Internal Revenue Service has confirmed that they will be able to take a credit on their federal income tax returns for the amount paid in Puerto Rico.
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