March 2022

CIC Services’ Director of Client Services Shoshanna Simmons covers the necessity for CFOs to develop and practice a disaster recovery plan to identify vulnerabilities in operations. She maintains that it is also important to make sure your business is covered in case of a disaster, and how captive insurance may be a good risk management tool for your company. Unforeseen risks are hard to predict and insure against, so captive insurance can be a useful tool to explore.

Captive International highlights CIC Services’ court victory and their call for additional accountability from the IRS on behalf of the taxpayers affected by Notice 2016-66.

CIC Services’ Randy Sadler discusses the challenges of risk management as technology changes rapidly. Read on to find out how to address impending risks associated with technological advances.

Greenberg Traurig LLP reports for Lexology on the U.S. District Court for the Eastern District of Tennessee invalidating Notice 2016-66 for failing to comply with the Administrative Procedure Act (APA) in CIC Services, LLC v. IRS. They highlight how CIC Services asserts that the IRS must comply with the APA in identifying reportable transactions at least in the Sixth Circuit.