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Weekly, clear-headed commentary on the captive industry.
We interrupt our regularly scheduled programming for this Obscene Captive Domicile Growth Report. Despite the IRS putting captive insurance companies (CICs) on its “dirty dozen” list for 2015 (CLICK HERE to read about captives and the “dirty dozen”), the captive industry continues to grow, largely fueled by up-and-coming domiciles in the United States. Here are […] Continue reading
Over the last few weeks, we have addressed the “Tax Extenders” bill titled H.R. 34. As noted, this new legislation included Section 262 titled, “MODIFICATIONS TO ALTERNATIVE TAX FOR CERTAIN SMALL INSURANCE COMPANIES.” These modifications impact small captive insurance companies (CICs) that make an 831(b) tax election (CLICK HERE to read about H.R. 34 and […] Continue reading
As we noted last week, Congress created quite a stir in the captive insurance industry in mid-December of 2015 when it passed and President Obama signed a so-called “Tax Extenders” bill titled H.R. 34. This new legislation included Section 262 titled, “MODIFICATIONS TO ALTERNATIVE TAX FOR CERTAIN SMALL INSURANCE COMPANIES.” These modifications impact small captive […] Continue reading