IRS Takes Aim at ‘Abusive Micro-Captive Practices’ with Another Settlement Offer October 23, 2020 As the pandemic and rising insurance costs fuel greater interest by large firms in creating captive insurance organizations, the Internal...
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance September 16, 2019 The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in...
California Workers’ Comp Medical Mileage Rate Will Decline for 2017 December 13, 2016 The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 0.5 cents per mile...
Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill June 26, 2015 By Selina Wang and Sonali Basak The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift...
Oklahoma AG Challenges Federal Health Care IRS Claims January 28, 2013 By Tim Talley The nation’s health care law does not authorize the Internal Revenue Service to adopt a rule that the federal government...
IRS Says It Has No Role in Enforcing Health Insurance Mandate September 12, 2012 By Kim Dixon The Internal Revenue Service on Tuesday assured congressional lawmakers that agents would play no role in enforcing the controversial requirement...
IRS Gives Employers Break on Misclassified Employees September 23, 2011 By Steohen Ohlemacher The Internal Revenue Service is offering a break to employers who come clean about wrongly classifying workers as independent contractors...
AIG Appoints Former IRS Attorney as Deputy Tax Director September 22, 2011 American International Group Inc. (AIG) has hired Clarissa Potter, former deputy chief counsel at U.S. Internal Revenue Service and former...