Virgin Islands Principle Agreement
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How to fill out Principle Agreement?
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FAQ
The Virgin Islands Bureau of Internal Revenue and the IRS are not the same entity although the same tax rates and laws apply. If you are a US resident with income allocable to the Virgin Islands, file Form 8689 with your regular 1040 tax return.
If you're a US citizen traveling from the mainland US or Puerto Rico, you don't need a passport to enter the USVI. You can travel there with a government-issued photo ID, like a driver's license. However, travelers will need a valid passport to spend time in the nearby British Virgin Islands.
With respect to an individual to whom section 932(a) applies for a taxable year, for purposes of taxes imposed by Chapter 1 of the Internal Revenue Code (Code), the United States generally will be treated, in a geographical and governmental sense, as including the Virgin Islands.
No, U.S. citizens and legal permanent residents don't need a travel visa to go to the U.S. Virgin Islands. However, you must carry other forms of identification, such as a passport or a government-issued photo ID. A birth certificate or naturalization certificate also offers sufficient proof of identity.
Passports for U.S. Citizens are NOT required for the U.S. Virgin Islands, but you must be prepared to show evidence of citizenship upon leaving the territory (such as a government-issued photo ID or your passport). Citizens of countries other than the U.S. should follow U.S. travel regulations.
An individual who qualifies as a bona fide resident of the U.S. Virgin Islands (or who files a joint U.S. return with a U.S. citizen or resident with U.S. Virgin Islands income) will generally have no U.S. tax liability so long as the taxpayer reports all income from all sources on the return filed with the U.S. Virgin ...