A judge ruled the IRS can't classify micro-captive insurance as a listed transaction, but allowed classifying it as a ...

The Internal Revenue Service is proposing to restrict access to micro-captive insurance as a way to crack down on tax fraud, but at a time when some traditional insurance providers are backing away ...

Add Yahoo as a preferred source to see more of our stories on Google. IRS has taken a negative view of micro-captive insurance, ensnaring small business owners. Native American tribes and small ...

Admin, a leading 831(b) Plan manager, is responding to a major federal court decision that came down on April 15 out of Houston that struck down the IRS's most punitive classification of micro captive ...

Certain micro-captive transactions are back to being reportable. On January 14, 2025, the Treasury Department and the Internal Revenue Service (“IRS”) published final regulations (the “Regulations”) ...

The National Council of Insurance Legislators is not happy with a proposed federal regulation to crack down on micro-captive insurance companies. The proposed regulation, put forth by the Treasury ...

On Friday, April 11, 2025, the Internal Revenue Service issued Notice 2025-24 (the “Notice”), which waives applicable penalties under the Internal Revenue Code to participants in, and material ...

Persistent inflation globally, coupled with a rise in natural disasters, continued disruptions in global operations and shifting political conflicts have exacerbated the challenges facing ...

As the founder of Financial Management Services of America LLC, with offices in Louisiana, Florida, Iowa and Texas, I know how difficult it is for small businesses to find affordable, flexible ...

Native American tribes and small businesses alike are counting on Congress to step in. In September of this year, the Senate Finance Committee held a hearing to consider Marjorie Rollinson's ...