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Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
Victory! Notice 2016-66 Struck Down
Following up on its 2021 Supreme Court victory over the IRS, CIC Services has won another, and this time it benefits all taxpayers and their material advisors. On March 21, 2022, Judge Travis McDonough of the United States District Court Eastern District of Tennessee issued an important ruling vacating IRS Notice 2016-66 (the “Notice”) […]
Don’t Be Sifted Like Wheat – Why Businesses That Have Survived Need A Captive Insurance Company
2020 and 2021 were strenuous years for many small and middle-market businesses, and many had their doors closed forever.
Advice From a Successful Female Business Owner: “Don’t Wait Until You are at the Top of Your Game to Get Covered”
A recent study revealed that 75% of businesses in the US are 40% underinsured, and worse, another study suggests that 40% of small business aren’t insured at all. In this article on Wecanmag.com, Shoshanna Simmons explains the benefits of having a captive and gives actionable steps to take in order to make sure your business […]
IRS Sends Its Usual Love Letter To Captive Owners
The following is informational only and does not constitute advice. Please forward this information to your independent tax advisor for specific recommendations or advice regarding your captive insurance structure. Over the last week or so, the IRS appears to have sent a standard form letter to many participants in captive insurance transactions covered by IRS […]
CIC Services Congratulates Oxford Risk Management Group On Tax Court Victory
In a pending case before the US Tax Court that involved a Section 831(b)-electing client of Oxford Risk Management Group, the IRS has conceded all captive insurance-related taxes and penalties that it had previously assessed against the client. “The IRS conceded everything before the taxpayer could win a ruling against the Service on the […]
Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
Victory! Notice 2016-66 Struck Down
Following up on its 2021 Supreme Court victory over the IRS, CIC Services has won another, and this time it benefits all taxpayers and their material advisors. On March 21, 2022, Judge Travis McDonough of the United States District Court Eastern District of Tennessee issued an important ruling vacating IRS Notice 2016-66 (the “Notice”) […]
Don’t Be Sifted Like Wheat – Why Businesses That Have Survived Need A Captive Insurance Company
2020 and 2021 were strenuous years for many small and middle-market businesses, and many had their doors closed forever.
Advice From a Successful Female Business Owner: “Don’t Wait Until You are at the Top of Your Game to Get Covered”
A recent study revealed that 75% of businesses in the US are 40% underinsured, and worse, another study suggests that 40% of small business aren’t insured at all. In this article on Wecanmag.com, Shoshanna Simmons explains the benefits of having a captive and gives actionable steps to take in order to make sure your business […]
IRS Sends Its Usual Love Letter To Captive Owners
The following is informational only and does not constitute advice. Please forward this information to your independent tax advisor for specific recommendations or advice regarding your captive insurance structure. Over the last week or so, the IRS appears to have sent a standard form letter to many participants in captive insurance transactions covered by IRS […]
CIC Services Congratulates Oxford Risk Management Group On Tax Court Victory
In a pending case before the US Tax Court that involved a Section 831(b)-electing client of Oxford Risk Management Group, the IRS has conceded all captive insurance-related taxes and penalties that it had previously assessed against the client. “The IRS conceded everything before the taxpayer could win a ruling against the Service on the […]
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