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AK Form 940 (PR): What You Should Know

Form 940-PR will serve as the employer's annual Federal tax payment. If a business is operating as a sole proprietorship (individual), partnership, or LLC, the Form 940-PR filing fee is 12.45. If your business is more than 50% of its total payroll, there is an additional Form 940-PR fee of 13.13. Other changes as of 2025 for Puerto Rican Form of PR: 1) Puerto Rico Form of PR is now a “formal” report for tax purposes. It includes the original Form 940-PR by the tax authority. In addition, it shows the filing address of your authorized agent. 2) Your Form 940-PR (Puerto Rican version) should show the total wage payments and net self-employment income or deductions (in addition to income tax) from all sources. Note that only Form 940-PR or Form 940Q-P can be used if a business is being treated as a sole proprietorship (single, married, or married FSP); if you are not collecting self-employment fringe benefits; or if you are filing a “form of PR”. 3) Form 940-PR must show your employment status. Puerto Rico Form 940-PR can be used by any entity for any period. If you work for 1 year and have no other sources, your wages generally are shown. If you do not report your wages and did not receive a refund for each tax year, you should receive a Form 940Q-P form from the IRS for your wages. 4) You must get a copy of your Puerto Rican Form 940-PR, in Spanish (Formal). Section 3.12.154. Unemployment Tax Returns. Fiscal Year 2012: — Puerto Rico tax season will be from July 1 to Sept. 30. The Puerto Rico Government's Unemployment Insurance program is scheduled to pay unemployment benefit payments of 75% of the federal minimum wage rates. To receive any payments, you need to register with the State Department of Labor. Register for the unemployment insurance system. Register for “Form #1178-8” before June 1, 2012, to avoid any late payment penalties at the end of the month. Do not file online or by mail, as the Department of Labor will not pay this year's unemployment insurance fees. The federal minimum wage rate for Puerto Rico is 3.15 per hour.

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