March 14, 2018
By Ned Holmes
Published in captive insurance times
For a good captive, standing up to the Internal Revenue Service (IRS) may be the right answer and could positive for the industry as a whole, says John Dies, managing director of tax controversy at alliantgroup.
Speaking at Captive Insurance Companies Association’s (CICA) 2018 Conference, Dies suggested the impact of winning a case against the IRS could be felt across the captive industry.
He said: “It is great for the industry when a captive stands up to the IRS, wins and creates a precedent that the industry can use.”
“We have seen the impact in cases where outsiders thought there was not a chance a captive could win and they made changes in the industry–and I believe that is positive for the industry.”
According to Dies, in the right context fighting the case is the correct move for a captive.
He explained: “In many cases, great […]