For those who qualify, Puerto Rico’s Act 60 provides incredible tax benefits to residents of the Island of Enchantment.
In order to take advantage of the tax benefits, a U.S. taxpayer must be a bona fide resident of Puerto Rico.
The IRS applies multiple tests to determine whether a U.S. taxpayer meets the residency requirements.
In addition to auditing residency, the IRS attempts to recharacterize certain income claimed as Puerto Rican income
as U.S. income.
Our former IRS attorneys understand the complexities of Puerto Rican residency requirements as well as IRS audit techniques and strategies.
If you’re under an IRS audit, we can help. For those clients who prefer an in-person meeting, one of our offices is conveniently located in Santurce at 1225 Ave.
Ponce de Leon, San Jose, Puerto Rico 00769.