Captive Tax Issues Videos

Gary Bowers

More on Taxation of Cell Captives

Gary Bowers of Johnson Lambert briefly explains what a cell captive insurance company is and discusses cell captive taxation in terms of consolidated versus individual tax returns. Mr. Bowers also touches on 831(b) and the 953(d) federal tax elections.

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Gary Bowers

Disclose Foreign Accounts and Comply with FATCA

The Foreign Account Tax Compliance Act (FATCA), as Gary Bowers of Johnson Lambert explains in this video, was passed by Congress to capture more robust data from persons/entities who have money "hiding" in offshore accounts. Mr. Bowers advises captives to be sure to be in compliance with the Act.

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Image of Martin Eveleigh

What Are the Financial Benefits of a Deductible Reimbursement Policy?

An operating company may achieve immediate financial benefits by using a captive insurer to issue a deductible reimbursement policy for its high deductible retentions. The tax implications for reimbursement policies for high deductibles are explained in this video by Martin Eveleigh from Atlas Insurance Management.

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Stewart Feldman

Captive Insurer Tax Challenges

Stewart Feldman of Capstone says that captive insurance taxation issues concern (1) risk transfer, (2) risk distribution, and (3) common notions of insurance.

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Mark Sims

Best Practices for Bulletproofing Your Captive Insurance Company

Bulletproofing a captive insurance company so that it meets the definition of an insurance company involves consideration of the following criteria.

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Bruce Wright

Why Move Your Captive Insurance Company to a Different Jurisdiction?

People often have an issue that causes them to consider moving their captive insurance company to a different jurisdiction, according to Bruce Wright.

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Bruce Wright

What Captive Owners Should Know about the Federal Excise Tax

Bruce Wright, partner at Eversheds Sutherland (US) LLP, discusses what captive owners should know about federal excise tax.

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Bruce Wright

What Captive Owners Should Know about the 953(d) Tax Election

Bruce Wright, partner at Eversheds Sutherland (US) LLP, discusses section 953(d) of the Internal Revenue Code.

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Bruce Wright

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.

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Bruce Wright

How the 2017 Tax Law Affects Captive Insurers

Bruce Wright of Eversheds Sutherland gives his take on the Tax Cuts and Jobs Act (2017 tax law) and primary impacts on the captive insurance industry.

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Bruce Wright

Insights into the Avrahami and Feedback Decision

The US Tax Court decided two cases, Avrahami v. Commissioner and Feedback v. Commissioner, and the formation and operation of a captive insurer.

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Bruce Wright

Captive Insurance Risk Pooling Explained

According to Bruce Wright of Eversheds Sutherland, risk pools in captives (1) allow organizations to spread risk and (2) provide for a tax benefit.

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Bruce Wright

Captive Insurance and Direct Placement Taxes Explained

Direct placement taxes apply to both surplus lines placements as well as placements with any nonadmitted company, such as a captive insurer.

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Bruce Wright

Why Is Tax-Deductibility of Captive Premiums Important?

Tax-deductibility of premiums is a key issue for captive insurance companies, and in this video P. Bruce Wright of Eversheds Sutherland (US) LLP discusses how timing is the key factor in this equation.

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Bruce Wright

Tax-Deductibility of Captive Insurance Premiums

P. Bruce Wright of Eversheds Sutherland (US) LLP explains what is required of an insurance contract in order for a captive to deduct its insurance premiums for tax purposes.

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Bruce Wright

"Insurance Risk" as a Tax-Deductibility Requirement

As touched on in the video "Tax-Deductibility of Captive Insurance Premiums," P. Bruce Wright of Eversheds Sutherland (US) LLP expands on what qualifies as a true insurance risk for regulatory and tax-deduction purposes. One of the most important factors is determining if there is an insurable interest.

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Bruce Wright

Risk Shifting as a Tax-Deductibility Requirement

Linking back to another video, "Tax-Deductibility of Captive Insurance Premiums," P. Bruce Wright of Eversheds Sutherland (US) LLP explains that for an insurance transaction to occur, risk transfer or risk shifting from one party to another and risk distribution are required. Several high-profile cases are also reviewed in this video.

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Bruce Wright

Taxation of 831(b) Micro-Captives and IRS Concerns

In this video, P. Bruce Wright of Eversheds Sutherland (US) LLP addresses the special taxation case of micro-captive insurance companies. Section 831(b) of the Internal Revenue Code applies to insurance companies with less than $2.2 million in net premium.

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Bruce Wright

Taxation of Cell Captives

P. Bruce Wright of Eversheds Sutherland (US) LLP discusses the evolution of cell captive insurance companies in this video. Mr. Wright touches on tax-deductibility aspects and general taxation aspects as well as some of the complexities surrounding onshore and offshore cell captive taxation.

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Bruce Wright

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.

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