Check Your Act 60 Partnership Income & K-1 Compliance Fast

Correctly sourcing your partnership income is non-negotiable for Act 60 compliance. Is it PR-sourced and eligible for the 4% rate, or is it U.S.-sourced and subject to federal tax? Getting it wrong is costly. Our automated check is designed to quickly scan for red flags in your income sourcing. We analyze the data you provide to identify potential issues based on established rules, like those in IRC Section 933. Stop guessing and get a rapid assessment of your sourcing. In just a few minutes, you can gain valuable insights that traditionally take CPAs weeks to deliver, all at a fraction of the cost.

Your Schedule K-1 is a critical input for your tax filings, but it's easy to make mistakes. Are you sure the data is reported correctly on your Puerto Rico and U.S. returns? Our tool provides an instant analysis of your K-1 data, flagging common errors that can lead to audits. We check for inconsistencies between your K-1 and your Act 60 status, helping you catch potential problems before you file. Forget the lengthy and expensive back-and-forth with a traditional firm. Get a quick, no-nonsense check of your K-1 compliance right now.

Do you have guaranteed payments, carried interest, or special allocations in your partnership agreement? These complex items are high-risk areas for Act 60 compliance. Our system is built to recognize these scenarios and highlight potential issues instantly. While we don't provide tax advice, our tool can help you spot areas that may require a closer look from a qualified professional. Instead of paying thousands for a manual review, use our affordable tool to get a fast and efficient first look at your potential exposure. It's the smart, modern way to manage your compliance.