Captivating Thinking

There is nothing like a shocking headline to garner attention and create fear, uncertainty and doubt (FUD).  In our sound-bite driven society, headlines are often misleading

To what lengths should business owners and professionals go to reduce their taxes and keep more of their hard earned money?  Provided they are conducting legitimate business transactions, the answer is

It is no secret that the IRS is no fan of captive insurance companies, whether they are owned by large corporations or small businesses.  Over the last few years, two things have become increasingly clear.

One, the IRS continues to lose in U.S. Tax Court in its attacks on captive insurance companies.  In 2014, the Service was dealt stinging defeats in both the Rent-A-Center and Securitas cases.

Two, the IRS has embarked on a public relations

The Ides of April are upon us, and business owners across the Fruited Plain are mailing checks to the IRS.  On the one hand, a business owner may write a large check to the IRS and think, “it’s a good thing to send the IRS a huge check, because it means we made money.”  On the other hand, mailing large checks to the IRS can leave businesses hollowed out