Quick Guide to the Act 60 Planilla: Check Your Compliance Now

The Planilla is your annual Puerto Rico tax return. If you have an Act 60 decree, you need to pay close attention to how you report your income. The key is separating your Act 60-protected income (taxed at 4% or 0%) from any other income. This section breaks down the essential parts of the return you need to focus on, without the legal jargon. We'll point you to the exact lines where you declare your export service or capital gains income. Our tool is designed to quickly scan your entries for common mistakes, like mixing personal and business income, giving you a fast and easy way to double-check your work before you file. With the market for compliance help being largely word-of-mouth, our digital tool provides an accessible first step.

The biggest compliance hurdle for Act 60 is proving you are a bona fide resident of Puerto Rico. This means more than just spending 183 days on the island. You also need a "tax home" and "closer connection" to Puerto Rico. This section gives you a quick checklist to self-assess your residency status based on IRC Section 937. Are your bank accounts here? Your driver's license? We'll help you quickly identify potential weaknesses in your residency claim. Our instant check is designed to give you a rapid confidence score on your residency status, a critical factor that the IRS and Hacienda scrutinize, as noted in GAO reports.

Beyond the main tax return, Act 60 requires an annual report to the DDEC. Forgetting this can cost you your decree. This section provides a quick rundown of this and other key filing requirements. We'll touch on how to handle common income sources like consulting fees, crypto trading, and rental income in a simplified way. The goal is to give you a quick, high-level overview so you can spot potential problems fast. While traditional CPA firms can take weeks and charge thousands ($5,000-$25,000), our tool is designed to provide an initial check in minutes, reflecting the 80%+ growth in adoption for AI-powered compliance solutions.