Breaking

9-Year-Old Boy Dies After Being Shot in Head in Croixville Housing Community; Police Detain 15-Year-Old

Concerned Residents Clean Christiansted Town Using Their Own Tools, Money, and Some Help from the VI Fire Service

Territory May See Veterans Cemetery Through DeGazon-Sponsored Bill

Credit and Debit Cards of WAPA Customers Were Compromised Since August 30th, WAPA Says, Authority to Finally Start Issuing Notification Via Mail and Email

Sports Tourism in VI Gains Momentum as DC United Team is set to Play Exhibition Soccer Game on St. Croix

Carnival Breeze Brings 3,700 Tourists to St. Croix During Maiden Call; Senators, Tourism Officials Want to See More

Limetree Bay Willing To Provide $10 Million To Help Add Life to a Dying G.E.R.S.

American Airlines to Serve St. Croix With New Flights Next Summer

The Sudden Death of Influential Roots Reggae Visionary, Vaughn Benjamin of Midnite Band and Akae Beka, Has Rocked the Virgin Islands and Reggae Community Around the World

Arthur A. Richards K-8 School Hosts Anti-Bullying Campaign

Come Out. Hang Out. Have Fun at The Meat Up, One of St. Thomas’ Latest Hot-Spot for Good Food with Friends and Family.

UVI Board of Trustees Approves $47.1 Million Fiscal Year 2020 Budget; Sets $3 Million Fundraising Goal

Man Dies During Early Morning Car Accident on St. Croix; Driver of Car Arrested (Updated)

'You Did Everything You Could to Prevent this from Happening': An Emotional Goodbye to Young Aaron Benjamin

Back in Business: Cost U Less on St. Thomas Opened its Doors Friday to Thousands of Customers 2 Years after Irma and Maria

Bill Aimed at Regulating Credit Use by Gov't Departments and Agencies Among Others Held in Committee

Juan Luis Hospital Announces Completion and Availability of Mobile Dialysis Facilities

Tractor Trailer With Tank Carrying Thousands Of Gallons of Liquified Gas Flips Near Cool Out Bar; Driver Injured But Alive

Credit and Debit Card Hack Through WAPA Appears to be Widespread in Virgin Islands; WAPA Says Support Services Will be Made Available to Affected Customers

Facing Life in Prison Without Parole, Mother and Boyfriend Plead Not Guilty in Murder of 4-Year-Old Boy

BIR To VI Residents: Don’t File Income Taxes Outside Territory; It’s Against Local Law

Business / News / Virgin Islands / January 13, 2016

ST. CROIX — Bureau of Internal Revenue Director Marvin Pickering, in a press release issued on Tuesday, warned who he deemed “bona fide” VI residents not to file taxes outside of the territory, as such action is against local law. Above, Mr. Pickering.

Some residents have for years filed their tax returns in the states directly with the IRS, citing the fast turnaround in receiving their returns as the main cause for using the workaround.

“Bona fide residents of the Virgin Islands must not file their individual income tax returns, electronically or by mail, with the Internal Revenue Service (IRS),” cautioned Mr. Pickering.

According to the release, the income tax return is only considered filed on the date that it is received by the Bureau, not the date received by the IRS. Taxpayers who receive erroneous refunds from the IRS will have to repay the erroneous refund issued by the IRS, and will be subject to penalties and interest, it added.

Self-employed taxpayers are required to file two tax returns, as well, the release went on. However, self-employment tax return should be submitted to the IRS. Mr. Pickering also reminded taxpayers not to include payment of self-employment taxes on the 1040 form, which is filed with BIR.

Mr. Pickering reiterated that there is currently no electronic filing in the territory. In speaking to Governor Kenneth Mapp in an exclusive interview last week, The Consortium was told that BIR is working on implementing electronic tax-filing. In the meantime, taxpayers must submit or mail the returns to BIR for processing.

Residents are asked to contact the Office of Chief Counsel at 715-1040, ext. 2249 or 714-9312 for more information.






Ernice Gilbert
I wear many hats, I suppose, but the one which fits me best would be journalism, second to that would be radio personality, thirdly singer/songwriter and down the line. I've been the Editor-In-Chief at my videogames website, Gamesthirst, for over 5 years, writing over 7,000 articles and more than 2 million words. I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. VI Consortium was birthed out of said desire, hopefully my efforts bear fruit. Reach me at [email protected].




Previous Post

Most Medicare Participants Won't See Increase In Premiums This Year

Next Post

Multiple Firearm Possession Convictions Land Two St. Thomas Men In Federal Jail



Leave a Reply


More Story

Most Medicare Participants Won't See Increase In Premiums This Year

ST. CROIX -- According to a press release issued by the Office of the Lieutenant Governor, because of slow growth in medical...

January 13, 2016