Op-Ed: IRA Accounts — Are they taxable?
April 8, 2019
Individual Retirement Accounts (IRA) are one of the few instruments allowed by the Puerto Rico Internal Revenue Code that provide a tax benefit to individuals. In addition, it is an excellent vehicle to create a retirement fund. What is the taxable benefit? The benefit is to take a deduction in the income tax return for every […]
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Op-Ed: U.S. income tax on Puerto Rico residents
March 25, 2014
All U.S. citizens are subject to U.S. Internal Revenue Code provisions, regardless of their place of residence or the source of their income. All people born in Puerto Rico are U.S. citizens.
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