Puerto Rico residents will get the chance to save some money on back-to-school purchases during a tax-free weekend July 13-15, Treasury Secretary Jesús F. Méndez said.
Doral Bank has reached a deal with the Treasury Department regarding $200 million in overpaid taxes that the bank will now write off in its books as a prepaid expense.
A deduction on the tax return is allowed for an unforeseen loss of the principal residence of a taxpayer incurred during the taxable year.