It is presumed that an individual is a resident of Puerto Rico if the individual has been present in Puerto Rico for a period of 183 days during a calendar year. #NewsismyBusiness
For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. #NewsismyBusiness #TheNewYorkTimes
This is the time of the year in which individuals receive financial information to prepare their individual income tax return. Understanding what changes were enacted through new legislation, and how each affects each particular situation, is not an easy task. Therefore, be aware of relevant changes applicable to tax years beginning after Dec. 31, 2018, […]