US Supreme Court 831(b) – Captive Advisor Win Expands Beyond Workers Comp A recent US Supreme Court 831(b) micro-captive decision (unanimous) set a precedent that may go well beyond just Workers Compensation or insurance. The case was CIC v. IRS. The link will provide a 23-page PDF file of the
IRS Opens Promoter Investigations Office For 831(b) Micro Captives The 831(b) micro captives industry received more news this week from the US Treasury Department. The IRS opens promoter investigations office to: coordinate efforts across multiple business divisions to address abusive syndicated conservation easements and ‘abusive micro captive insurance arrangements as
One of the long-awaited captive decisions by the US Tax Court was issued this month. The microcaptive 831(b) arrangements industry may need to look in the mirror very soon. This makes four major US Tax Cases that could not have been worse for captives, specifically microcaptives. Ever since I attended
Offshore Micro Captives Dropped Off IRS Dirty Dozen List – Why? Over the weekend, I was combing through my workers’ comp reading list. I almost dropped my laptop when I saw the headline that Offshore Micro Captives were not named to the IRS Dirty Dozen list. For context, I had
Offshore Financial Arrangements Including Micro-captives Still On Watch List Most micro-captives are a legitimate way to offshore the self-insurance of Workers Compensation benefits. The IRS released its list of the Dirty Dozen for 2018 a few months ago. Offshore financial arrangements filled the #12 of 12 spots. Micro-captives, better known
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