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Revenue-strapped states may look to raise money from captives, warns CICA tax panel

North America22-05-2020

US states could increase their efforts to raise tax from captives in coming months as they seek to raise money to offset reduced revenues during the COVID-19 pandemic, according to Dan Kusaila, a tax partner at Crowe.

TCIA drafts letter to IRS about micro captives

North America13-05-2020

The Tennessee Captive Insurance Association (TCIA) will write a letter to the Internal Revenue Service (IRS) regarding IRS Letter 6336, it has confirmed. 

Global commercial insurance prices increase 14%: Marsh


Global average commercial insurance prices increased 14 percent in Q1 2020, according to the Global Insurance Market Index, released by Marsh. 

Micro captive letter raises serious concerns about IRS tactics: VCIA

North America30-04-2020

The Vermont Captive Insurance Association (VCIA) has written to Steve Mnuchin, the US Secretary of the Treasury, and Paul Rettig, the Commissioner for Internal Revenue, calling on the Internal Revenue Service (IRS) to suspend its audit activities of micro captives.

Micro captives granted one month extension to respond to IRS letter

North America27-04-2020

The Internal Revenue Service has extended the due date to respond to its letters of inquiry to certain micro-captive insurance participants. 

IRS hostility to captives is exacerbating impact of COVID-19 on business: CIC Services

North America23-04-2020

The IRS’ targeting of captive insurance companies has left companies more vulnerable to the economic ravages of COVID-19, according to CIC Services. 

Connecticut’s insurance regulator to promote captives among state’s accountancy firms

North America22-04-2020

The State of Connecticut Insurance Department (SCID) will help accounting firms in the state to expand their presence in the captive insurance market. 

IRS spreading fear, uncertainty and doubt to increase its own revenues: CIC Services

North America25-03-2020

The IRS is spreading fear, uncertainty and doubt about the captive industry in an effort to increase its own revenues, according to Sean King, principal of CIC Services.

Free COVID-19 testing will not impact high deductible health plans: Alera Group

North America16-03-2020

Participants in high deductible health plans (HDHPs) will maintain eligibility to health savings accounts (HSA) even if testing or treatment for coronavirus is provided before their deductible is met. 

Showing 11 to 20 of 140 results

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