The Threat is Real: IRS Campaign 685 and Beyond
Building Your Defensive Wall: Proactive Audit Preparation
Activate Your Shield: A Symbol of Serious Compliance
Frequently Asked Questions
What is IRS Campaign 685?
IRS Campaign 685 is a targeted compliance initiative focused on U.S. citizens who have claimed benefits under Puerto Rico Act 60. The campaign involves increased scrutiny and audits to verify residency, income sourcing, and overall compliance with the law's strict requirements.
How can I prepare for a potential Act 60 audit?
The best preparation involves meticulous record-keeping for residency (the 183-day rule), clear documentation for all income sources, and ensuring all required Puerto Rico and U.S. tax forms are filed accurately and on time. A proactive review can help identify weaknesses before an audit begins.
Does using Act60Shield guarantee I won't be audited?
No service can guarantee you will not be audited. However, our service is designed to help you identify and correct common filing mistakes, which may reduce the likelihood of an audit and will leave you in a much stronger position to defend yourself if you are selected for one.
Is this a service for people who have already made mistakes?
Act60Shield is for any decree holder who takes compliance seriously. Whether you are confident in your filings and want to ensure they are perfect, or you are concerned about potential past errors, our service is designed to strengthen your defensive position.
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This content is for informational purposes only and does not constitute tax, legal, or accounting advice.