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Tax Law: Would it be tax compliant to say income is sourced in Puerto Rico if a PR co wholly owned a NV LLC (no employees) and all revenues flowed thru to PR?
SL
SL
Samuel Lai, Tax Expert| Tax Planner| Entrepreneur answered:

It depends on the type of business product or service. If it is a service basis company, and all the services have been done by the owners in PR, then the income would be not the U.S source of income.

International tax is one of my expertise. My tax firm, SBS Tax and Consulting Services, works closely with foreigners who own businesses in the U.S. Therefore, I can answer any tax questions you may have.

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