[2023-04-24] The IRS is Coming for Puerto Rico Act 60

The IRS is Coming for Puerto Rico Act 60

Nomad Capitalist

Monday, April 24, 2023

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''More than 4,000 individuals and corporations have moved to Puerto Rico
Tax attorneys anticipate a lot of audits’ from IRS on residency and source income
Private wealth clients, hedge fund managers, and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks—and to escape President Joe Biden’s proposed capital gains tax increases—are now the focus of a sweeping Internal Revenue Service review.''

https://news.bloombergtax.com/daily-tax-report-state/irs-seizes-foothold-on-puerto-rico-tax-haven-audits

This video shares the news about how the IRS is Coming for Puerto Rico Act 60.

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