It is no secret that the IRS is no fan of captive insurance companies, whether they are owned by large corporations or small businesses. Over the last few years, two things have become increasingly clear.
One, the IRS continues to lose in U.S. Tax Court in its attacks on captive insurance companies. In 2014, the Service was dealt stinging defeats in both the Rent-A-Center and Securitas cases.
Two, the IRS has embarked on a public relationsContinue Reading