[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Department of Treasury] [Internal Revenue Service Center] [Address] [City, State, ZIP] Subject: Request for Tax Clearance Letter — [Taxpayer Identification Number] Dear Sir/Madam, I am writing to request a Tax Clearance Letter for my business/taxpayer identification number ([TIN]) in regard to my tax obligations in Puerto Rico. I am in the process of [insert reason for requesting tax clearance letter, e.g., selling my business, applying for a loan, etc.]. To expedite the processing of my request, I have included all the necessary information and documents as outlined below: 1. Taxpayer Information: — Full Legal Name: [Your Full Legal Name] — TIN: [Your TIN— - Business Name (if applicable): [Your Business Name] — Address: [Your Business Address— - Contact Person: [Your Name] — Contact Information: [Your Phone Number and Email Address] 2. Reason for Request: [Provide a brief but clear explanation of why you are requesting the tax clearance letter, e.g., selling my business and need to demonstrate tax compliance to potential buyers.] 3. Documents Enclosed: — Copy of Certificate of Incorporation/Organization (if applicable) — Copy of Puerto Rico Tax Returns for the last [number of years] — Copy of Financial Statements for the relevant tax years — Copy of Annual Reports (if applicable) — Copy of any correspondence with the Puerto Rico Department of Treasury I kindly request your prompt attention to this matter as I am working within a specific timeframe. I would greatly appreciate receiving the Tax Clearance Letter as soon as possible to ensure a smooth continuation of my business/transaction process. If there are any fees associated with processing this request, please let me know the amount and method of payment required. I also request that you confirm receipt of this letter and provide an estimated time frame for the issuance of the Tax Clearance Letter. Please feel free to contact me at [your contact information] if you require any additional information or have any questions regarding this request. Thank you for your attention to this matter, and I look forward to receiving the requested Tax Clearance Letter promptly. Yours sincerely, [Your Name] [Your Title (if applicable)] [Your Signature] Enclosure(s): [List the enclosed documents]
Puerto Rico Sample Letter for Request for Tax Clearance Letter
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How to fill out Puerto Rico Sample Letter For Request For Tax Clearance Letter?
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Most commonly, states issue clearance certificates, demonstrating that an individual is compliant with all taxes and other obligations as of the date of the certificate. Those seeking clearance certificates will have to request them from state authorities, usually the state's Department of Revenue.
Federal employees are exempt from UI, ETT, and SDI. The federal government withholds PIT, by agreement with the state, from federal employees working in California and military personnel who are California residents stationed in California.
Who must file an income tax return in Puerto Rico? Every individual who during the taxable year has net income subject to alternate basic tax of $150,000 or more.
Withdrawals on tax-deferred accounts, including your IRA and 401(k), are taxed as normal. The same applied to income from Social Security and pensions.
More In Help If you're a bona fide resident of Puerto Rico during the entire tax year, you generally aren't required to file a U.S. federal income tax return if your only income is from sources within Puerto Rico.
Since my clearance process at the company is done and I have completed all my exit formalities, I request you to release my relieving letter at the earliest. I am required to submit the letter to my new employer by [date]. I would appreciate it if you issue the relieving letter at the earliest. Thank you.
Salary earned by a Federal Government employee who renders his services in Puerto Rico constitutes taxable income from sources within Puerto Rico. In this case, the employee must file an income tax return with the Government of Puerto Rico and another one with the Federal Government.
Puerto Rico is an unincorporated territory of the United States and Puerto Ricans are U.S. citizens; however, Puerto Rico is not a U.S. state, but a U.S. insular area. Consequently, while all Puerto Rico residents pay federal taxes, many residents are not required to pay federal income taxes.
