December 2016

It would seem that the IRS wants small captive insurance company owners and captive managers to have a Happy New Year.  The Service just released Notice 2017-08, extending the filing requirements deadline imposed by Notice 2016-66 back from January 30, 2017 to May 1, 2017.

This is great news for small captives and the captive industry.  It will enable captive managers, owners and advisors to thoughtfully and thoroughly prepare filings for submission to the IRS.

CIC Services will be following up with captive owners in 2017 to prepare filings required by 2016-66.

To read more about IRS Notice 2016-66, CLICK HERE.

Perhaps the Grinch’s heart just grew one size.  CLICK HERE to read our story, “How The Grinch Stole Captive Day.”

Happy New Year!

By Dr. Sean

Every Business Owner in Whoville Liked Captives a lot…

But the Grinch, Who worked for the IRS, Did NOT!

The Grinch hated Captives! The whole Captive season!

Now, please don’t ask why. No one quite knows the reason.

It could be his head wasn’t screwed on just right.

It could be, perhaps, that his wallet was too tight.

But I think that the most likely reason of all,

May have been that his heart

CIC Services is headquartered in Knoxville, TN in the foothills of the Smoky Mountains.  East Tennessee is a beautiful place and natural disasters are usually few a far between.  The Cumberland Plateau to our west usually pushes massive storms and tornados to the north or south of us, and our elevation usually minimizes flooding.  Also, the Smoky Mountains and Carolinas to our east protect us from any hurricanes or storms in the Atlantic.

All that changed this year