Alan Fine Discusses Recent IRS Settlement Offer for Micro Captives
Tax Partner and Insurance Industry Group Leader Alan Fine was recently featured on Captive.com discussing the recent IRS settlement offer for certain taxpayers under examination who participated in “abusive” micro captive insurance transactions. Only 200 letters were issued. Taxpayers who did not receive the letter are not eligible for this settlement offer.
In the article, Alan discusses the offer, the IRS’ approach to captives, previous U.S. Tax Court case rulings and future implications for the captive industry.
Read more about the terms of the settlement offer and what it means for captives in the full article here.