DEFENDING CAPTIVE INSURANCE COMPANIES
By Sean G. King, JD, CPA, MAcc
Principal, CIC Services, LLC
Congress believes that placing captives on an even playing field with third-party insurers makes business and tax sense. The Service, however, is increasingly devoting resources to scrutinizing potential abuses. This outline focuses upon how to form and operate a captive to withstand an audit by the Service as well as how to defend captives under attack.