Micro-captive Insurance Companies Beware
Currently, there is a tax provision that allows ‘micro-captive’ insurance companies – created to provide insurance to small companies that create them – to earn premiums tax free.
Currently, there is a tax provision that allows ‘micro-captive’ insurance companies – created to provide insurance to small companies that create them – to earn premiums tax free.
Herol Graham has turned defensive boxing into a poetic art. Trouble is, nobody ever got knocked out by a poem. — Eddie Shaw Every accountant […]
IRS Audits of Section 79, Captive Insurance, 412i and 419 Scams
419, 412i, Captive Insurance and Section 79 Problems
There are many people and advisors who try to form their own captives and end up with a pretty big mess. In such cases they […]
The use of captive insurance companies have been used to manage costs and risks and realize tax benefits has been legitimate for years. The IRS […]