Form 1040 (PR) is the Spanish-language equivalent of Form 1040-SS. Note: If you are a resident of Puerto Rico, you can file Form 1040 (PR) instead of Form 1040-SS. Self-Employment Tax Return, to figure your self-employment tax. Virgin Islands who has net self-employment income and you do not have to file Form 1040 with the United States, use Form 1040-SS, U.S. If you are a resident of American Samoa, the CNMI, Guam, Puerto Rico, or the U.S. Social security coverage provides you with old age, survivor, and disability benefits and hospital insurance. Your payments of self-employment tax contribute to your coverage under the social security system. income tax return must otherwise be filed). This rule applies whether or not the earnings are excludable from gross income (or whether or not a U.S. territory must pay self-employment tax on net self-employment earnings of $400 or more. Possessions-Form 8898 Bona Fide Residence for more information. Form 8898 must be filed by itself do not file it with Form 1040 or Form 1040-NR. Individuals who are required to file Form 8898 generally must do so by the due date (including extensions) for filing Form 1040 or Form 1040-NR. If you are required to file Form 8898 for any tax year and fail to file it, you may be subject to a penalty of $1,000. Possession for individuals who became or ceased to be a bona fide resident of a U.S. IRC 937 also establishes the filing requirement for Form 8898, Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. territory residency rules and income sourcing rules, please refer to Publication 570, Tax Guide for Individuals With Income From U.S. citizens and resident aliens are permitted certain exceptions to the 183-day rule. territory if he or she (1) is physically present in the territory for 183 days during the taxable year, (2) does not have a tax home outside the territory during the tax year, and (3) does not have a closer connection to the U.S. An individual is generally considered a bona fide resident of a U.S. Virgin Islands, and for determining whether income is sourced in a U.S. IRC 937 establishes the criteria for determining the residency of an individual in American Samoa, the CNMI, Guam, Puerto Rico, and the U.S. Possessions, for the exclusions, credits, and deductions which apply to residents of the CNMI, Guam, Puerto Rico, and the U.S. Please refer to Publication 570, Tax Guide for Individuals With Income From U.S. territories are NOT eligible for the possession exclusion: Baker Island, the CNMI, Guam, Howland Islands, Jarvis Island, Johnston Island, Kingman Reef, Midway Islands, Palmyra, Puerto Rico, the U.S. If you qualify for this exclusion, you may have to attach Form 4563, Exclusion of Income for Bona Fide Residents of American Samoa, to their U.S. citizens or resident aliens who are bona fide residents of American Samoa. Possession Exclusion for Bona Fide Residents of American SamoaĬurrently, the possession exclusion - under Internal Revenue Code (IRC) section 931 - applies only to U.S. territories are explained in Publication 570, Tax Guide for Individuals With Income From U.S. return, but be able to exclude income earned in a territory from U.S. In some cases, you may have to file a U.S. This generally depends on whether you are considered a bona fide resident of one of the U.S. tax return only, a territory tax return only, or both returns. If you have income from one of these U.S. territories can be found at State and Local Government on the Net. territories may be found in Publication 570, Tax Guide for Individuals With Income From U.S. The addresses and telephone numbers for the tax departments of the U.S. For forms and advice on filing a territory tax return, contact that territory's tax department. In some situations, you may have to determine if you are a resident or a nonresident of the territory. Virgin Islands will usually have to file a tax return with the tax department of one of these territories. An individual who has income from American Samoa, the Commonwealth of the Northern Mariana Islands (CNMI), Guam, Puerto Rico or the U.S.
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