The Feldman Law Firm LLP, the affiliated law firm of Capstone Associated Services, is to expand its services into tax controversy work and audit defence of captive insurers managed by third parties.
The firm explained that, although Internal Revenue Service (IRS) audits are infrequent, they are “comprehensive, time consuming, and demand a significant amount of supporting legal and financial documentation”.
Tax attorney Logan Gremillion commented: "For the last 16 years, we have successfully guided captive insurers administered by Capstone through IRS audits, IRS Appeals and the US Tax Court."
"The firm is now offering its services on a case-by-case basis to those who are involved in varying stages of tax controversy with the IRS in the captive insurance area.”
Feldman’s tax department head, Steven Cohen, said: “We have recently represented three Capstone-administered captives in cases docketed in the US Tax Court in which, ultimately, the IRS conceded the tax-payer's position in full, resulting in no change in tax due.”
Another programme offered by the firm is a full-scale ‘health check up’, in which all aspects of planning carried out by third-party captive managers is examined for federal and state tax and domicile compliance.
