The new time-limited settlement offers will be sent out by the IRS in the coming days with terms that are “stricter” than the first time-limited initiative that started in September last year
The IRS' statement "is a combination of past talking points that are meant to scare business owners utilising captives into exiting their captive structures, regardless of whether they are doing the right thing or not”, says Ryan Work of SIIA
The IRS said taxpayers should not assume it will able to settle any transactions with the IRS or chief counsel on terms more favourable than the previously announced settlement offers
Washington Insurance Commissioner Mike Kreidler has started a study to determine how many organisations in the state are not paying insurance premium tax as required under state law
The Internal Revenue Service has revealed that 80 percent of taxpayers who received offer letters elected to accept the settlement terms
Washington Insurance Commissioner Mike Kreidler has ordered unauthorised insurers Olympic Casualty Insurance and ASA Assurance to stop insuring risk in Washington state for their parent companies Starbucks and Alaska Air Group
The Washington State Office of the Insurance Commissioner has issued a cease and desist against CCW Safe and 2A Insurance Company, effective of 22 November 2019.
The Internal Revenue Service has decided that it benefits from blurring the lines between good and bad rather than clarifying them, according to Sean King of CIC Services in reaction to the new IRS settlement scheme for micro captives.
