Act 60 Shield

Denver to Puerto Rico: Shield Your Assets from IRS Scrutiny

The promise of Act 60 is immense, but so is the scrutiny. The IRS has launched Campaign 685, specifically targeting Puerto Rico-based taxpayers. For those moving from high-income areas like Denver, this is not a distant threat—it is an active risk. It is no longer enough to be compliant; you must be defensible. Act 60 Shield is built for those who take this threat seriously.

Denver to Puerto Rico: Shield Your Assets from IRS Scrutiny

IRS Campaign 685: Why Denver Movers Are a Target

Fortifying Your Bona Fide Residency Claim

The High Cost of Non-Compliance: A Preventable Disaster

Frequently Asked Questions

What is IRS Campaign 685 and should I be worried?

Yes, you should be aware and prepared. IRS Campaign 685 is a targeted audit initiative focused on Act 60 decree holders. It signals a significant increase in enforcement. If you have moved from a high-tax state like Colorado, you are in a higher-risk category. Being worried is less important than being prepared.

How can I prove to the IRS that I am a bona fide resident of Puerto Rico?

You must provide overwhelming evidence that Puerto Rico is your tax home. This includes your physical presence (183+ days), but more importantly, proof of a 'closer connection' to the island than anywhere else. This includes where you vote, bank, see doctors, and where your most cherished personal belongings are located. Documentation is key.

What are the consequences of failing an Act 60 audit?

Failing an audit can be financially ruinous. It typically involves the revocation of your tax decree, payment of back taxes at full U.S. rates, plus substantial penalties and interest. The total liability can easily erase all the financial benefits you sought to gain from relocating.

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