DecreeCheck

Your Instant Act 60 Filing Checklist

Don't wait weeks for a compliance check. Use our streamlined checklist to instantly verify your Act 60 filing requirements and get peace of mind in minutes. Our tool is designed for busy decree holders who need fast, affordable answers.

Your Instant Act 60 Filing Checklist

Essential Forms & Dates You Can't Miss

Compliance starts with the right forms at the right time. You'll need to file Form 482 in Puerto Rico and Form 1040 in the US, making sure to claim the IRC Section 933 exclusion. The April 15th deadline is critical. On top of that, your DDEC annual report is due by May 31st. It's a simple list, but missing any of these can cause major headaches. Our system gives you a rapid check against these core requirements, so you know where you stand instantly. No more digging through government websites; get the essential facts in seconds.

Quick Residency Verification: Are You Covered?

Your bona fide residency is the foundation of your decree. You need to pass the presence test (183+ days), the tax home test, and the closer connection test. What does that mean in practice? It means having a PR driver's license, local bank accounts, and proof you actually live on the island. The IRS is actively scrutinizing this, so a quick check is essential. Our tool lets you quickly self-assess your residency status against the key requirements, highlighting potential gaps before they become problems. It's a fast and easy way to gauge your audit risk without paying for a multi-thousand dollar review.

Income Reporting Basics for Act 60

Getting the 0-4% tax rates depends entirely on how you source your income. Did you earn it in Puerto Rico? For export services, that means the work was done here. For capital gains, it means you realized the gain as a PR resident. It sounds simple, but mistakes are common. You also have to keep filing US forms for foreign assets, like the FBAR. DecreeCheck quickly scans for common income sourcing and asset reporting errors, giving you a fast and affordable second opinion on your return. Why wait for an expert when you can check the basics yourself in minutes?

Frequently Asked Questions

What's the fastest way to check if I meet the 183-day rule?

Use a simple calendar or travel app to count the days you were physically present in Puerto Rico during the calendar year. Our tool can help you quickly confirm this and other residency requirements based on your inputs.

I think I missed a deadline. What's the first thing I should do?

The first step is to identify which deadline you missed and file the required form as soon as possible. You may need to consult with a professional for penalty abatement options, but acting fast is key. Our checklist helps you identify all key deadlines to avoid this situation.

Is the DDEC annual report really that important?

Yes, it is absolutely critical. Failure to file the annual report on time is one of the most common reasons for the DDEC to revoke a tax decree. It's a simple requirement with major consequences if ignored.

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