IRS Press Release Analysis Ep. 1: IRS Urges Participants of Abusive Micro-Captive Insurance to Exit
Introduction to the IRS’s Latest Announcement on Micro-Captive Insurance In its latest move to address what it deems abusive tax practices, the IRS has issued a strongly worded announcement focusing on the use of micro-captive insurance arrangements. Micro-captive insurance, while a legitimate tool when structured appropriately, has increasingly been flagged by the IRS for its […]