Risk Management in the Digital Age by Treasury & Risk
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.
Recent Headlines
Court invalidates IRS notice 2016-66 on Micro-Captive Transactions, the second time an IRS notice was vacated this month by Lexology.
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.
District Court Vacates, Sets Aside IRS Reportable Transaction Notice by The National Law Review
The National Law Review reports on the district court ruling on March 21, 2022, in favor of the taxpayer, by vacating Notice 2016-16 and ordering the IRS to return all documents and information produced under Notice 2016-66 to taxpayers and material advisors.
3 Risk-Management Challenges Family-Owned Businesses Face and How to Solve Them Published by Entrepreneur
CIC Services’ Randy Sadler discusses the importance of family-owned businesses to the economy and workforce in this piece for Entrepreneur and how family-owned businesses have the most to lose. He then dives into the necessity of risk management strategies for small businesses.