General

What is a 1040-PR form?

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What is a 1040-PR form?

Form 1040-PR is for residents of the Commonwealth of Puerto Rico (PR) who are not required to file a United States (US) Form 1040, Form 1040A, or Form 1040EZ income tax return. Form 1040-PR is generally used to report and pay self-employment income tax to the US.

What is Form 1040-PR or Form 1040-SS?

Residents of Puerto Rico with self-employment income who are not required to file a U.S. income tax return generally must file Form 1040-PR (Spanish Form) or Form 1040-SS (English Form) to report self-employment income derived from a trade or business in Puerto Rico and if necessary pay self-employment tax to Puerto …

Who Must File 1040-PR?

Residents of Puerto Rico who aren’t required to file a U.S. income tax return must file Form 1040-SS or Form 1040-PR with the United States to report self-employment income and if necessary, pay self-employment tax.

Can I file 1040-PR online?

Since you cannot prepare and file or e-File a Puerto Rico Tax Return on eFile.com or anywhere online, you can contact the Puerto Rico Department of the Treasury for information on how to do this.

How do I report Puerto Rico income on 1040?

If you are a bona fide resident of Puerto Rico during the entire tax year, you’ll file the following returns:

  1. A Puerto Rico tax return (Form 482) reporting your worldwide income.
  2. A U.S. tax return (Form 1040) reporting your worldwide income. However, this 1040 will exclude your Puerto Rico income.

Where do I mail my 1040 PR?

More In File

Form Name (To obtain a copy of a Form, Instruction, or Publication) Address to Mail Form to IRS:
Form 1040-PR Self-Employment Tax Return – Puerto Rico (In Spanish) (if enclosing a payment) Internal Revenue Service P.O. Box 1303 Charlotte, NC 28201-1303 USA

Do I have to file a Puerto Rico tax return?

Yes, since you are a Puerto Rico resident, you must file the Puerto Rico income tax return reporting all your earnings, and you may claim a credit in such return for any income taxes paid to the United States.

How do I file my PR tax return?

How do I file pr taxes?

Is Puerto Rico exempt from federal taxes?

Puerto Rico holds a unique position as an unincorporated U.S. territory. Under Internal Revenue Code (IRC) ยง933, Puerto Rico source income is excluded from U.S. federal tax.

How do I amend a 1040 PR?

Answer:

  1. File an amended return using Form 1040-X, Amended U.S. Individual Income Tax Return as soon as possible.
  2. Include any forms and/or schedules that you’re changing and/or didn’t include with the original return.
  3. Return the refund check with your amended return along with a letter of explanation.

How do you exclude Puerto Rico income on 1040?

To exclude Puerto Rico income from a return where the taxpayer is a bona fide resident of Puerto Rico, from the Main Menu of the tax return (Form 1040) select: Income menu. Other income. Section 933 Excluded Income from Puerto Rico.