If you have any questions in regards to the above, please do not hesitate to contact our offices so that we may explain the amendments to the provisions of the Code in more detail. Our address is:
Fiddler González & Rodríguez, P.S.C., P.O. Box 363507, San Juan, PR 00936-3507. Our fax (787) 759-3108.
We welcome your questions and comments.
José J. Santiago
Carlos A. Padilla
Antonio L. García
ACT NO. 238 OF DECEMBER 22, 2014 EXTENDS PERIOD TO PREPAY TAXES FROM RETIREMENT PLANS
On December 22, 2014 Governor Alejandro García Padilla signed into law P. del S. 1189. Among other provisions, Act No. 238:
It is worth mentioning that, although Article 4(b)(1) of Act No. 238 provides that tax prepayment distributions shall be included in the 2014 tax return of the participant, it is not clear whether tax prepayment distributions processed during the month of January 2015 shall be included in the 2014 or the 2015 individual tax return.
©2016 Fiddler, González & Rodríguez, P.S.C. This Watch has been prepared by Fiddler, González & Rodríguez, P.S.C. for informational purposes only and does not constitute legal advice. This information does not create, and receipt of it does not constitute, a lawyer-client relationship. Readers should not act upon this without seeking advice from professional advisers. Fiddler, González & Rodríguez, P.S.C. and its members assume no responsibility to inform you of additional changes in law or any other legal issues related to the matters discussed in this e-mail.
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