✅ Watch Out Crypto Millionaires – The IRS Is Going After Tax Evaders Illegally Abusing Puerto Rico’s Tax Breaks
U.S. prosecutors and undercover agents from the Internal Revenue Service (IRS) are investigating wealthy individuals who engage in cryptocurrency trading and fund management.
Some of these individuals are under suspicion for allegedly engaging in the unlawful exploitation of Puerto Rico’s tax incentives for personal gain.
Since the implementation of Puerto Rico’s tax policy in 2012, over 5,000 American have moved to the Island country, latching on to the opportunity to save on federal income tax.
IRS Investigate Tax Evaders
The popularity of the cryptocurrency market has surged in recent years, attracting investors from all walks of life.
