The Puerto Rico Treasury Department is kicking this year’s tax season into high gear this week, when it will begin cutting tax refund checks and will open eight tax return orientation and preparation centers today, agency officials said.
An Individual Retirement Account is one of very few deductions that remained available in the income tax return after the approval of the new Internal Revenue Code.
Amid news of credit degradation, income tax increases, rumors of raises in the sales and use tax, and possible changes to the federal minimum wage, you can almost hear the groans of small and medium business owners throughout Puerto Rico.