Have a client who worked in Puerto Rico for a US company restoring power after the hurricane. He has W2 for total income plus a similar form for income while in Puerto Rico with wages earned while there (these are included on US W-2) and tax withheld for Puerto Rico. Trying to fill out a 1116 form to get credit for tax paid to Puerto Rico. It asks for a date the tax was paid and I have no idea what date to use since the taxes were withheld over time by the employer. I have never filled out an 1116 form so any help is appreciated
-
-
See if any of these helps
Always cite your source for support to defend your opinion -
Do you have is PR tax return in hand? What date did he file it?Comment
-
Have not filed a Puerto Rico return. So do I have to do that first. I have no idea how to and my software does not support it. Any ideas. I did go to Puerto Rico web site but it's all in Spanish and I can't read instructionsComment
-
I've read these discussions but doesn't address my issuesOriginally posted by TAXNJ View PostSee if any of these helps
Comment
-
I have not filed a Puerto Rico return. Not even sure how to go about doing thatOriginally posted by Lion View PostComment
-
Do you have is PR tax return in hand? What date did he file it? PR tax returns, by PR law, must be prepared by Hacienda preparers. HRB has some. FL probably has many. When your client has his PR return prepared, he can take it to you to prepare his US returns.Comment
-
You need to review Pub 570 about reporting income in this situation. See page 9 for de minimis income rules, and page 13 for bona fide resident rules. You don't provide amounts of PR wages or dates of employment/citizenship status in your post. If he does not meet the rules to exclude PR income, then you must report it and file Form 1116. As for date paid, I always use 12/31/XX for investment income to calculate FITC. If you know the dates of employment, you can perhaps estimate a date paid. That is not as pertinent as the amount. And you won't know what that tax amount is until he files his PR return. You don't use the withholding, as he may get a refund or owe more to PR. So he will have to file PR return first.Comment
-
His employer may have a recommendation for a Hacienda preparer, or his fellow workers may have recommendations.Comment
Comment