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TaxRobin
TaxRobin, Tax Preparer
Category: Social Security
Satisfied Customers: 13344
Experience:  15+ years in tax preparation and instruction
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I have never paid into the system, I am 50 years old and

Customer Question

I have never paid into the system, I am 50 years old and have been self employed for years. How do I get into the system
Submitted: 1 year ago.
Category: Social Security
Expert:  TaxRobin replied 1 year ago.

Hello

If you a bona fide resident of Puerto Rico, generally, you must file a Puerto Rico tax return. A sole proprietor is someone who owns an unincorporated business.

Puerto Rico Bona Fide Residents need to file a 482 Puerto Rico Income Tax Return or482 Puerto Rico Income Tax Return (Option 94), along with the type of Schedule that fits your particular business activity.

Puerto Rico Income Tax Returns are due April 15 of every year.

You will pay Self Employment tax on your earnings (after your expenses). This counts toward your social security.

The best thing you can do is to prepare at least the last 6 years tax returns.

Expert:  TaxRobin replied 1 year ago.

If my answer addressed your question please rate below or above (let me know if you have difficulty as I believe the system changed), if you need more information reply below.