February 2018

By Sean King, JD, CPA, MAcc

Principal, CIC Services, LLC

On his Forbes.com blog and elsewhere, captive insurance attorney Jay Adkisson often writes condescendingly about the supposedly poor and tax-motivated work of other captive insurance professionals.  Here is but one recent example:

https://www.forbes.com/sites/jayadkisson/2018/01/27/beware-the-puerto-rico-captive-insurance-tax-shelter/#3775cad86c60

By attempting to taint them as “tax shelter promoters”, he implicitly positions himself as lily-white, IRS-endorsed and tax-disinterested.  If Mr. Adkisson’s writings are to be believed, the country is presently overrun

With the passage of Tax Reform, some mid-market and small business owners are “feeling like a kid in a candy store.”  The economy certainly seems to be picking up momentum and real wages are