Supreme Court to Hear Micro-Captive Case
Insurance Journal writes that the Supreme Court of the United States has agreed to review the result of CIC Services vs. IRS, which was ruled in favor of the IRS last year.
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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
Insurance Journal writes that the Supreme Court of the United States has agreed to review the result of CIC Services vs. IRS, which was ruled in favor of the IRS last year.
Captive International writes: “The Supreme Court of the US has agreed to hear CIC Services’ case against the Internal Revenue Service (IRS), in what CIC described as “a major victory today for taxpayers and those opposing administrative state overreach.”
Captive Review covers the recent decision of the Supreme Court of the United States to review the decision made last year in CIC Services vs. IRS. The lawsuit challenges Notice 2016-66, which targets captive insurance owners.
Ballotpedia writes that CIC Services vs. Internal Revenue Services is scheduled for argument in the 2020-2021 term.
Bernie Becker, a tax reporter at POLITICO, covers the decision of the Supreme Court of the United States to review the ruling made in CIC Services vs. IRS.
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
Insurance Journal writes that the Supreme Court of the United States has agreed to review the result of CIC Services vs. IRS, which was ruled in favor of the IRS last year.
Captive International writes: “The Supreme Court of the US has agreed to hear CIC Services’ case against the Internal Revenue Service (IRS), in what CIC described as “a major victory today for taxpayers and those opposing administrative state overreach.”
Captive Review covers the recent decision of the Supreme Court of the United States to review the decision made last year in CIC Services vs. IRS. The lawsuit challenges Notice 2016-66, which targets captive insurance owners.
Ballotpedia writes that CIC Services vs. Internal Revenue Services is scheduled for argument in the 2020-2021 term.
Bernie Becker, a tax reporter at POLITICO, covers the decision of the Supreme Court of the United States to review the ruling made in CIC Services vs. IRS.
Sign Up for the Captivating Thinking Newsletter
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.