DecreeCheck

Fast Tax Check: Moving from Miami to Puerto Rico with Act 60

Swapping Miami for Puerto Rico to take advantage of Act 60? The move from a no-tax state like Florida is smoother than most, but Act 60 compliance has its own set of rules. Don't wait weeks for answers. Check your compliance in minutes with our instant, easy-to-use tool.

Fast Tax Check: Moving from Miami to Puerto Rico with Act 60

Florida to Puerto Rico: A Quick Tax Overview

The good news about moving from Miami is that you don't have to worry about untangling complex state tax obligations. Your focus will be entirely on correctly establishing Puerto Rico residency and complying with Act 60. This means meeting the bona fide residency tests and properly sourcing your income. Our tool is designed to quickly scan your information and flag potential issues with these core requirements, giving you a fast and affordable way to check your status. With the market for digital compliance tools growing by over 80%, there's no reason to rely on slow, traditional methods.

Is Your Business Income Set Up Correctly?

The 4% corporate tax rate under Act 60 is a huge draw, but you have to earn it. Your business must provide services from Puerto Rico to clients outside the island. It sounds simple, but the details matter. Are your contracts structured correctly? Is your income properly sourced? Our quick check is designed to give you a rapid assessment of your business setup, helping you catch common errors before they become costly problems. Get the peace of mind that comes with a quick, automated review.

Capital Gains: Don't Make a Costly Mistake

For investors, the 0% tax on capital gains is the crown jewel of Act 60. But this only applies to gains on assets that appreciate *after* you become a bona fide resident of Puerto Rico. Miscalculating the portion of gains subject to U.S. tax is a frequent and expensive error. Our platform can help you quickly identify how your gains should be allocated, providing a crucial check on your tax position. In minutes, you can get a clearer picture of your potential tax liability and avoid unpleasant surprises.

Frequently Asked Questions

How quickly can I check my compliance?

With DecreeCheck, you can get an initial assessment of your Act 60 compliance in minutes, not the weeks it can take with traditional firms. Our automated tool is designed for speed and efficiency.

Is this a substitute for a CPA?

No, DecreeCheck is not a substitute for a CPA. It is a powerful, affordable tool for getting a quick second opinion on your compliance status and identifying potential red flags that you can then discuss with your tax advisor. It's a proactive step to ensure your filings are on the right track.

What if the check finds a potential issue?

If our tool identifies a potential issue, it will provide you with information about the specific area of concern. You can then take this information to your CPA or legal advisor for a more in-depth review and guidance on how to address it. This proactive approach is key to staying compliant.

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