Latest / The Jon and Marc Podcast
Tax Strategy for Trial Lawyers: Act 60, Penalty Refunds, and Clean Books
Key Takeaways
A Supreme Court ruling has opened up $170 billion in AIPA tariff refunds for importers and downstream businesses, creating a major niche co-counsel opportunity for law firms.
Acting quickly before suppliers receive their tariff refunds makes reimbursement conversations much smoother and less adversarial for downstream businesses.
Moving to Puerto Rico under Act 60 allows attorneys to eliminate short-term and long-term capital gains and lower business tax rates to 4% via export services companies.
Law firms can recover past IRS penalties and interest through the Kwong case FEMA…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.