Abusive Micro-Captive Insurance Schemes

  • IRS Issues Another Abusive Micro-Captive Arrangement Warning

    The Internal Revenue Service is once again warning taxpayers who are involved in abusive micro-captive insurance schemes that they need to get out of those arrangements—and quickly. A new U.S. Tax Court victory has added steam to the latest round of IRS examinations of these arrangements, finding they “are not eligible for the tax benefits…