The Counsel of the Internal Revenue Service (IRS) faced tough questions at the oral arguments in front of the Supreme Court Justices in its case against CIC Services over Notice 2016-66.
The US Department of the Treasury has issued proposed rules to implement technical changes, including the participation of captives, to the TRIP required by the TRIPRA of 2019
The IRS has urged the US Supreme Court to affirm the Sixth Circuit's rejection of CIC Services challenge to agency reporting requirements, stating that the lower court correctly found the suit is barred by the Anti-Injunction Act
The US Senator for Colorado Cory Gardner has called for the Internal Revenue Service, to suspend its review of tax benefits claimed by micro captives until resolution of the current litigation in the US Court of Appeals for the Tenth Circuit
Offshore micro captive insurance products were listed as a potential “abusive tax scheme” in a study by the US Government Accountability Office
Nearly two dozen national and state organisations in the US have filed a joint amicus brief before the US Supreme Court in the case of CIC Services LLC v. Internal Revenue Services
Ryan Work of SIIA, Peter Kranz of Beecher Carlson and Alan Fine of Brown Smith Wallace react to the removal of micro captives from the IRS’ 2020 ‘Dirty Dozen’ list
Mintz has added two new attorneys with captive insurance experience to its insurance and reinsurance practise, based in Washington DC
