Delaware Takes Fight Against IRS Over Captive Insurers’ Data to Supreme Court July 25, 2023 By Andrew G. Simpson The state of Delaware is going to the Supreme Court in its fight with the Internal Revenue Service (IRS) over...
Supreme Court Backs Challenge to IRS Micro-Captive Reporting Rule May 17, 2021 By Andrew G. Simpson The U.S. Supreme Court has allowed a challenge to an Internal Revenue Services (IRS) requirement for firms to report micro-captive...
IRS Urges Participants in ‘Abusive’ Micro-Captives to Get Out Now April 9, 2021 By Andrew G. Simpson Internal Revenue Service officials are again urging participants in “abusive” micro-captive insurance arrangements to exit these transactions as soon as...
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...