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Recent Developments in the Captive Insurance Space

We at alliantNational wanted to discuss some recent developments with regard to the captive insurance space – specifically, with respect to IRC § 831(b) micro-captives. However, let’s begin by walking through the definition of captive insurance. When businesses can’t find affordable commercial insurance to cover their risks, they may establish an insurance company of their…

FAIR Act Prevents Improper IRS Seizures of Private Property

On January 27, Sen. Rand Paul (R-KY) and Rep. Tim Walberg (R-MI) announced the Fifth Amendment Integrity Restoration (FAIR) Act in an effort to curtail improper civil forfeitures by the IRS. The Act requires a court hearing within 14 days of a civil forfeiture of any property seized in an alleged structuring transaction. If the…

IRS Offers Relief for 36B Repayments

The Affordable Care Act added section 36B to the Internal Revenue Code to allow certain low income individuals to claim a tax credit for purposes of offsetting the cost of health insurance premiums. Insurance exchanges estimate the 36B credit based on information supplied by the taxpayer and allow taxpayers to claim advance payments of the…

LB&I Continues to Expand its Campaign List

On July 2, 2018, the Large Business and International (LB&I) Division of the IRS released five additional Compliance Campaigns. Initially announced in January 2017, LB&I’s Compliance Campaigns are designed as an issue-based approach to address areas of tax that the Service has identified as having a high risk of compliance issues. This determination is based on…

Writing the Playbook: alliantNational’s Miller and Amin Contribute to ABA’s Captive Insurance Handbook

alliantNational’s own Steven T. Miller and Meeren Amin co-authored a chapter in the American Bar Association’s 2018 Captive Insurance Deskbook for the Business Lawyer. The book helps attorneys navigate the often-murky paths of captive insurance companies and offers suggestions on whether a captive is a suitable option for a business owner. Miller and Amin co-authored…
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Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave. Washington, D.C. 20004
202.888.7006

© 2024 alliantNational.- All Rights Reserved.

aNlogo-footer3@2x

Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave.
Washington, D.C. 20004
202.888.7006

© 2024 alliantNational. - All Rights Reserved.

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