Tax Regulations Face Latest Legal Test
Bloomberg Tax has published an article about CIC Services, LLC, v Internal Revenue Services, the CIC Services lawsuit against the IRS.
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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.
Bloomberg Tax has published an article about CIC Services, LLC, v Internal Revenue Services, the CIC Services lawsuit against the IRS.
Captive International has published an article by Nate Reznicek of CIC Services about how IRS’s hostility towards captive insurance programs is exacerbating the affect of the COVID-19 crisis on small and middle-market businesses.
Randy Sadler of CIC Services is quoted in a recent CPA Practice Advisor about how the IRS tactics that discourage businesses from owning captive insurance companies have left many businesses struggling during the COVID-19 crisis.
Captive Insurance Times recently published an article Randy Sadler of CIC Services about the IRS’s abusive tactics that have left small and middle-market businesses vulnerable during the COVID-19 pandemic.
Captive Review covers CIC service’s new mid-market captive insurance program. Read the full article here.
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.
Bloomberg Tax has published an article about CIC Services, LLC, v Internal Revenue Services, the CIC Services lawsuit against the IRS.
Captive International has published an article by Nate Reznicek of CIC Services about how IRS’s hostility towards captive insurance programs is exacerbating the affect of the COVID-19 crisis on small and middle-market businesses.
Randy Sadler of CIC Services is quoted in a recent CPA Practice Advisor about how the IRS tactics that discourage businesses from owning captive insurance companies have left many businesses struggling during the COVID-19 crisis.
Captive Insurance Times recently published an article Randy Sadler of CIC Services about the IRS’s abusive tactics that have left small and middle-market businesses vulnerable during the COVID-19 pandemic.
Captive Review covers CIC service’s new mid-market captive insurance program. Read the full article here.
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.