Form 1040-PR is also referred to as the Spanish Form while Form 1040-SS is also known as the English Form.
Either of these forms must be filed by Puerto Rico residents who earn income through self employment but do not need to file U.S income tax returns. They have to file these forms to report their income from self employment in Puerto Rico and if need be, pay self employment tax on that income to Puerto Rico.
Requirements for Filing Form 1040-PR or Form 1040-SS
- The taxpayer must be a resident of Puerto Rico
- When filing joint returns, either the taxpayer or their spouse must have had;
- Net earnings gotten from self employment of $400 and above. This earning should not be church employee income.
- OR
- Minimum church employee income of $108.28
- When filing joint returns, both the taxpayer and their spouses don’t file Form 1040 with the US.
Form 1040-PR and 1040-SS must be filed by April 15th. Filers of these forms are able to apply for automatic extensions of up to 6 months for filing them. This extension is applied by filing Form 4868 before the regular due date of filing returns.
You can only access Form 1040-PR and 1040-SS after starting a new return in Taxx Savage ProWeb. To access it;
- Go to the tax return’s main menu
- Select Basic Information
- Proceed to Personal Information
- Provide Puerto Rico address
- Click Continue
- Select Yes to answer the question “Are you a bona fide Resident of Puerto Rico?”
- Click the dropdown arrow to select either Form 1040PR or Form 1040SS:
- Once done, click Continue
NOTE: Filing Form 1040-PR and 1040-SS is different from filing income tax return with the Puerto Rico government on Form 482 (Spanish) or Form 482.0 (English). To check out forms and file information for the Puerto Rico government, click here (Spanish language website).
More information:
IRS: About Form 1040 (PR), Self-Employment Tax Return - Puerto Rico
IRS: Instructions for Form 1040-SS