Finance, Investments, and Accounting
For the 5th Consecutive Year, Captives Make IRS "Dirty Dozen" List
For the fifth consecutive year, abusive micro-captive insurance companies found their way to the Internal Revenue Service (IRS) annual "Dirty Dozen" listing. Where last year's listing told taxpayers to be wary, the IRS uses a more aggressive tone in the 2019 listing. Read More
Direct Procurement Taxes and Captive Insurance Compliance
Bruce Wright, partner at Eversheds Sutherland (US) LLP discusses direct procurement taxes in terms of captive insurer compliance. Read More
State and Local Income Tax Issues and Captive Insurance
State and local income taxes are an evolving issue that concerns captive insurers and that some states are challenging as they look for revenue. Read More
Reserve Mechanical Contemplation and Further Discussion
Alan Fine of Brown Smith Wallace contemplates the conclusions reached and supporting rationale used by the US Tax Court in the second small captive case, "Reserve Mechanical Corp. v. Commissioner of Internal Revenue," and believes there are a few areas that continue to warrant discussion. Read More
ILS in a Nutshell and Collateral in the ILS Market
Captive.com recently caught up with a few members of Wilmington Trust's collateral team to find out about their expertise with collateral trusts and how it relates to the team's involvement in the insurance-linked securities (ILS) market. Read on to find out about the ILS market and ILS collateral. Read More