Florida Commences Self-Procurement Tax Audits for Businesses with Captives

March 27, 2024

Florida audits businesses with captive insurance for self-procurement tax compliance, signaling stricter enforcement in the sector. Read More

Takeaways from the IRS's Latest Micro-Captive Tax Court Victory

February 13, 2024

The Internal Revenue Service's (IRS's) recent micro-captive insurance Tax Court win in Swift v. Commissioner provides some additional insight as to how the Tax Court may analyze future micro-captive cases. Read More

Swift Becomes 6th Straight IRS Micro-Captive Victory

February 7, 2024

On February 1, Judge Patrick J. Urda continued the Tax Court trend of disallowing deductions for premiums paid to micro-captives in Swift v. Commissioner. Read More

IRS Wins 5th Micro-Captive Insurance Tax Court Case

January 18, 2024

The US Tax Court's latest 831(b) micro-captive decision in Keating determined that the arrangement did not constitute insurance. Read More

US Supreme Court Won't Hear Delaware Appeal in IRS Summons Case

November 27, 2023

The US Supreme Court has declined to consider the Delaware Department of Insurance's appeal of a federal appeals court ruling requiring the department to comply with an Internal Revenue Service (IRS) summons for information on two captive insurers domiciled in the state. Read More