The Self Insurance Institute Of America just released a response to the IRS’ latest press release (IRS 2020-26). Notice 2020-26 is another bullying effort by the Service to try to scare middle market business owners from acting in the best interest of their companies and the employees that rely on them.
The Coronavirus which recently infected humans in China is showing all the signs of being a worldwide epidemic, and will likely touch almost every country on the planet. It will quite possibly impact the majority of people either directly or indirectly. It is almost certain that it will also have a jarring effect on the global economy and business.
Insurance Business America covers the recent lawsuit filed by CIC Services against a former client, SRM Group, its owner, Suresh Prabhu, and two related captive insurance companies formerly managed by CIC Services.