Captive Tax Issues Videos

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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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 Steve McElhiney

Beware of Forming a Captive for Estate Planning or Tax Avoidance

In this video, Steve McElhiney, president and CEO of EWI Reinsurance, reviews some of the motivating factors behind forming 831(b) micro-captive insurance companies. When micro-captives are established for the appropriate risk control and insurance reasons, they can be as appropriate and successful as any captive.

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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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