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 […]
If an IRS audit disallows the § 419 plan or the § 412(i) plan, not only does the taxpayer lose the deduction and pay interest […]
Sometimes the IRS might disagree with planning you did with other advisors and you need to find help to ensure that your rights are protected, the […]
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 […]
It’s tax time again, which means many people will be writing checks to the IRS. But not a lawyer in Los Angeles, who last year […]
IRS scrutiny of captive insurance companies is increasing with most of it is aimed at small captives using the 831(b) tax election. Large or small, […]