← Act 60 Shield

Act 60 vs. Acts 20 & 22: Defending Your Decree in a New Era

The consolidation of Acts 20 and 22 into Act 60 was more than a name change—it signaled a new era of enforcement. With the IRS launching Campaign 685 to scrutinize Act 60 participants, understanding the legislative evolution is the first line of defense for your decree. Act 60 Shield is built for decree holders who take compliance seriously and want to fortify their position against audits.

Act 60 vs. Acts 20 & 22: Defending Your Decree in a New Era

Legislative Shift: A New Landscape of Compliance Risk

The Grandfathering Clause: A Double-Edged Sword

Fortifying Your Position Against IRS Campaign 685

Frequently Asked Questions

Does having an old Act 22 decree protect me from an IRS audit?

No. While your decree may be grandfathered, you are still subject to IRS scrutiny. The IRS is actively auditing taxpayers who claim benefits under Puerto Rico's tax incentives, regardless of the decree date.

What is IRS Campaign 685?

Campaign 685 is a targeted IRS initiative to examine compliance among individuals and businesses claiming benefits under Act 60 and its predecessor acts. It involves increased audits and information sharing between the IRS and the Puerto Rico Treasury Department (Hacienda).

How can I prepare for a potential Act 60 audit?

The best defense is a good offense. This includes meticulous record-keeping, a thorough understanding of your decree's requirements, and a proactive review of your tax position to identify and remediate any potential weaknesses. Act 60 Shield is designed to assist in this process.

Ready to Check Your Return?

Comprehensive review + audit preparation package. Know exactly where you stand before the IRS comes knocking.

Activate Your Shield

Related Topics

irs campaign 685 explainedact 60 hacienda audit defenseact 60 cost of non complianceact 60 audit survival guide

This content is for informational purposes only and does not constitute tax, legal, or accounting advice.