Crypto Enthusiasts and Puerto Rico’s Tax Exemption: A Friendship under IRS Scrutiny by: EVAN DAVIS and PHILIPP BEHRENDT
Posted by Hochman Salkin Toscher Perez P.C. 
Posted on Friday, September 08, 2023
Nestled in the heart of the Caribbean, Puerto Rico beckons with its breathtaking natural beauty, vibrant culture, and alluring lifestyle, making it a tempting living space for those seeking a tropical paradise while enjoying the benefits of living in a U.S. territory. However, those who move to Puerto Rico in whole or in part for tax benefits available only to residents face a complex web of tax incentives and the ever-watchful eye of the IRS seeking to uncover fake residents and improper tax treatment.
