Bilzin Sumberg (JD Supra Puerto Rico)
3 results for Bilzin Sumberg (JD Supra Puerto Rico)
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Inbound and Outbound U.S. Tax Planning for Bona Fide Residents of Puerto Rico
Since Puerto Rico enacted the “Individual Investors Act” (Act 22) and the “Export Services Act” (Act 20) in 2012, much press has been devoted to the number of high-net worth U.S. taxpayers (including citizens and green card holders) who have relocated to Puerto Rico and become “bona fide residents” of such U.S. possession.
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Editorial: Expatriating From U.S. To Puerto Rico May Make Sense For Some
The United States is one of only two countries in the world that taxes its citizens and residents on their worldwide income. Therefore, a U.S. taxpayer who earns only foreign-source income will be subject to U.S. federal income tax on that income. Originally Published in Daily Business Review - May 10, 2013.
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Expatriation Lite: Leaving The U.S. Tax System While Retaining Your Citizenship
As many Miami residents who earn income abroad may be aware, the United States is one of only two countries in the world that taxes its citizens and residents (collectively, “U.S. taxpayers”) on their worldwide income. Therefore, a U.S. taxpayer that earns only foreign source income will be subject to U.S. federal income tax on that income. Furthermore, a U.S. taxpayer that resides outside of...