The Self-Insurance Institute of America has suggested that the settlement figures released by the Internal Revenue Service earlier this month are “misleading”
The Internal Revenue Service has revealed that 80 percent of taxpayers who received offer letters elected to accept the settlement terms
CIC Services has petitioned the Supreme Court of the US to hear its lawsuit against the Internal Revenue Service regarding IRS Notice 2016-66
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.
IRS will be mailing a time-limited settlement offer for certain taxpayers under audit who participated in ‘abusive’ micro-captive insurance transactions
CIC Services’ petition for an en banc review of its challenge against the IRS Notice 2016-66 has been denied by the US Court of Appeals for the Sixth Circuit
There are not enough people interested in learning from the Connecticut Foundation Solutions Indemnity Company’s data on how to defeat the concrete crisis, according to the exiting superintendent of the captive Michael Maglaras.
The big problem in the Syzygy court case was when the premiums decreased, the taxpayer switched captive managers, which according to Chaz Lavelle, “is what the court was concerned about”
Matthew Reddington, partner at ZMFF&J Law, sheds light on the first victory of a micro-captive against the IRS in court, after the federal agency failed to show that the captive management firm RMC Group was liable for Section 6700 penalties
Scott Simmons, director of Verve Risk Services, and Michael Maglaras, president of Michael Maglaras & Company, shine a light on abuse in the captives industry through the use of 831(b) of the Internal Revenue Code and how firms can protect themselves
As a key emerging market tapped by captives, how does the cannabis industry address risk and insurance in the face of misconceptions and a challenging federal mandate in the US?
Anne Marie Towle, Adrien Collovray and Courtney Claflin provide an overview of the current captive market, challenges that have carried over into 2022, and what’s on the horizon
Scott Simmons, director of Verve Risk Services, discusses the key decisions and oversight duties of captive insurance boards to help minimise D&O exposure risks. He highlights proper governance, planning, due diligence and accountability measures as imperative for directors
Stephen Taylor talks to Frances Jones about his role and his ambitions for the Delaware captive programme
Kerr Russell’s Eric Lark explains that due to a number of factors group captives continue to flourish
Debbie Walker of NCDOI explains why ongoing regulation of licensed captive insurance companies is the domicile’s primary focus
Travis Wegkamp of Utah Insurance Department explains that the state is seeing larger companies move to the state with more robust risk management programmes, higher premium volume, and a long-term outlook for the use of their captive
Experts discuss the state of play throughout the world’s biggest captive market
Guernsey, the Isle of Man and Jersey are working harder than ever to promote themselves as the go-to jurisdiction and capitalise on new opportunities
Although Puerto Rico may be the new kid on the block, Ruben Gely of MCH Advisors reveals that it is gaining popularity
