Rubinger and LePree face Senate request for IRS tax avoidance investigation
Updated
Updated · The New York Times · Apr 30
Rubinger and LePree face Senate request for IRS tax avoidance investigation
6 articles · Updated · The New York Times · Apr 30
Senator Ron Wyden sent the April 29 letter to IRS compliance chief Jarod Koopman, citing advice tied to Puerto Rico's Act 60 and large pre-move capital gains.
The Senate Finance Committee is examining whether wealthy Americans who relocated to Puerto Rico improperly avoided federal taxes on income earned in the 50 states.
The IRS has identified about 100 possible cases, while the Justice Department and IRS criminal investigators have also examined the former Baker McKenzie partners' Puerto Rico tax-planning work.
As the IRS targets lawyers over a tax break, what legal advice now crosses the line into a crime?
How deep does the crypto tax evasion scheme in Puerto Rico run beyond the 100 investors already identified?
With its tax break under federal fire, is Puerto Rico's controversial incentive for the super-rich about to end?