Litigation

Increased IRS Scrutiny of Acts 20/22/60 Businesses and Individuals: Get Ready and Be Prepared

3/25/2021 | Event

Thursday, March 25, 2021

10:30 AM - 12:00 PM EDT

The IRS has recently announced that it will turn its focus on investigations of U.S. individuals and businesses who have claimed benefits under Puerto Rico Acts 22 and 20, now Act 60. This effort comes on the heels of recent increased interest from the government on potential revenue losses from U.S. taxpayers relocating to Puerto Rico.

This complimentary webinar will discuss:

  • what current enforcement efforts may occur based upon prior enforcement programs,
  • what taxpayers should do to reduce the risk of examination,
  • how to correct non-compliance, and
  • action plan if you or your business become the subject of examination.
Our panel of legal and tax professionals will cover current enforcement efforts, historical precedents set by previous enforcement campaigns, and preparing for an investigation.
To register, click here

Moderator:

Luis G. Rivera-Marín, J.D.
Of Counsel
Porzio, Bromberg & Newman (PR), LLC

Panelists:

Charles E. “Ched” Falk, J.D., LL.M.
Of Counsel
Porzio, Bromberg & Newman, P.C.

Isabel Hernández, CPA
Tax Partner
Kevane Grant Thornton

William J. Hughes, Jr., J.D., LL.M., M.A.
Principal
Porzio, Bromberg & Newman, P.C.

Francisco Colón-Ramírez, J.D.
Of Counsel
Porzio, Bromberg & Newman (PR), LLC