The US Internal Revenue Service (IRS) is entering a new phase of enforcement focused on taxpayers claiming Puerto Rico residency and Act 60 incentives or benefits. This intensified scrutiny is indicated by a report from the Government Accountability Office (GAO).
The IRS appears to be taking a more aggressive approach in enforcing compliance with Act 60, formerly known as Act 22, which provides tax incentives to residents of Puerto Rico. The report suggests that the IRS will be closely examining taxpayers who claim Puerto Rico residency and benefits under Act 60.
No specific details on the enforcement actions or the GAO report are provided, but the IRS's increased focus on this area may impact individuals and businesses claiming these incentives.