Form 483.2 Individual Income Tax Return (Exemption)

El Form 483.2, Like the other contribution forms, It has only been received electronically since 2013 and they also fulfill the function of completing the paper declaration. When you have a reasoned presentation in the calendar year and in addition there are accounting books, this statement should be taught throughout the month of April.

The period for return or refund can be extended if done a request through Finance Secretary. The Secretariat will only admit the extension request by electronic means, since there is the possibility of managing only through virtual compilation.

This form is a fundamental requirement, when sending the capital derived from a taxable period.

What is Form 483.2?

This is a file whose main objective is to instruct the taxpayer in all situations where they must fill out a succession of required data, to be able to claim a certain deduction or credit.

The form or model 483.2 can also be defined as the form Personal Income Tax Declaration.

Instructions for Individual Income Declaration

To fill the Form 483.2, It is necessary to begin by filling in personal data in the respective spaces indicated, the data required; are:

• Name and surname.
• Taxpayer of the popular security number.
• Spouse data.
• Home address.
• e-mail.
• Valid phone number.

How to file Form 483.2?

This form will be complemented by electronically, through a program or by a request certified by the Department of Finance when it cannot be carried out via the internet.

It is necessary to indicate exactly in the same form, the options that correspond to the basis it has. Yeah the declaration cannot be managed electronically, the causes must be specified, obeying, among the next actions:

1. Go to the Department of Finance: to complete the failed process, go to the mayor's building in Old san juan, in the raising of capital of the Council or in some Guidance and Return Preparation Centers.
2. Send by mail to electronic address to the Treasury Department.
3. Call to 00902 to 2501.

Exemption Form 483.2

Beginning taxable year 2015, all taxpayers must file the Form 483.2 (Individual Income Tax Form), electronically only. Although if it applies to some of the following cases, you will be exonerated from the aforementioned:

1. It must be a partner or shareholder, from a pass-through business entity whose contribution year does not end on a 31-12.
2. That taxpayer who has an agreement with the Puerto Rico Trade and Export Company (1-2013 law), for job creation.
3. Taxpayer who proceeds to claim deductions for contributions to Government Pension or Retirement Systems.
4. Individual who claims the credits belonging to annex B.
5. Individual who cannot process electronic way, due to a error in social security number and because it is filing for for the first time or by system error.
6. Be a taxpayer who claims deduction originated by initial investment belonging to a private capital fund, whether inside or outside Puerto Rico. (185-2014 law).
7. That taxpayer who acquires income derived from pensions and is under the exemption of $11.000 or $15.000.
8. Taxpaying individual who requires to submit financial statements, audited by a CPA in Puerto Rico, with your return.
9. person who does American Opportunity Credit Claim.
10. Taxpayer who requests and requires to use the model SC 2668.
11. Military taxpayer which is activated and transferred outside of Puerto Rico, which has acquired a compensation for military service rendered.
12. Restrictions through Administrative Determination by the Secretary.
13. Taxpayer who File your corresponding return after 31-12.
14. Foreigners who do not reside in Puerto Rico, but whose income is related to the exploitation of a industry or business in Puerto Rico.

When should the form be submitted?

El Form 483.2 or as it is also known Individual Income Tax Form, must be filed according to the calendar year and generally this procedure is carried out before the April 17.

Although this form can be extended, by request made to the Department of Finance. When said request is approved, the extension is made, which has a duration three months approx.

The procedure to carry out the extension must be done via the internet (electronically), through the official website of the Department of the Treasury of Puerto Rico: https://hacienda.pr.gov/.

Should any other additional documents be attached to the return?

No, in this case no need to include others documents.

Is there any cost to pay to file electronically?

The electronic filing process, It has no cost to taxpayers as of April 15, 2019..

After this date, the programs are only subject to the cost established by the supplier.

Can I obtain or request a copy of the form?

If possible get a copy of this form and in fact of all the forms that have been processed under the social Security number, through the Department of Finance.

You can also obtain a copy of it by entering the profile of the Unified Internal Revenue System, or as the platform is better known SURI.

Fonts

https://hacienda.pr.gov/.

https://suri.hacienda.pr.gov.

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