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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!
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 […]
The 60 Day Captive Insurance Countdown Starts Now
Today, we are officially beginning our 60 Day Countdown for the formation of a captive insurance company in 2021. The good news is there is still time to form a captive insurance company in 2021. But…the clock is ticking. 2020 clearly demonstrated that small and middle-market companies need more insurance AND more money, and captive […]
Another Win for the Good Guys
CIC Services, LLC achieved another victory in its continuing efforts to tame IRS abuse and force rogue elements within the Service to comply with the requirements of the law. “For too long the IRS has behaved as if it was excepted from the basic rules of lawmaking that govern federal administrative agencies as if it […]
The Caylor Tax Court Case
Introduction A few months ago the IRS won its fourth recent victory against small captive insurance companies. Alas, this latest case does little to clarify the rules of the road for taxpayers, and the IRS seems to like it that way. Rather than ending the “abuse” that it so frequently laments by simply providing 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!
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 […]
The 60 Day Captive Insurance Countdown Starts Now
Today, we are officially beginning our 60 Day Countdown for the formation of a captive insurance company in 2021. The good news is there is still time to form a captive insurance company in 2021. But…the clock is ticking. 2020 clearly demonstrated that small and middle-market companies need more insurance AND more money, and captive […]
Another Win for the Good Guys
CIC Services, LLC achieved another victory in its continuing efforts to tame IRS abuse and force rogue elements within the Service to comply with the requirements of the law. “For too long the IRS has behaved as if it was excepted from the basic rules of lawmaking that govern federal administrative agencies as if it […]
The Caylor Tax Court Case
Introduction A few months ago the IRS won its fourth recent victory against small captive insurance companies. Alas, this latest case does little to clarify the rules of the road for taxpayers, and the IRS seems to like it that way. Rather than ending the “abuse” that it so frequently laments by simply providing the […]
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