VCIA issues reminder about May microcaptive webinar
The Vermont Captive Insurance Association (VCIA) has issued a reminder about its spring webinar.
Entitled: ‘Understanding IRS Final Regulations on Micro-Captive Insurance Transactions & How They Apply to You’, the webinar will be on May 14th at 2-3pm EST.
The webinar aims to provide participants with a comprehensive overview of the IRS's final regulations regarding micro-captive insurance. The session will cover the implications of these regulations for various stakeholders, including taxpayers, captive insurance companies, and related parties. It will discuss rules and trends for the industry as a whole. Attendees will also receive guidance on compliance requirements and best practices to navigate the new regulatory landscape effectively.
The agenda includes an introduction of the speakers, a background on micro-captive insurance, and an overview of the final regulations, including key dates and classifications of transactions. Participants will learn about disclosure requirements, exemptions, and the new streamlined procedure for revoking Section 831(b) elections.
A dedicated Q&A session will allow attendees to address specific concerns and scenarios, ensuring that their questions are answered and their understanding is deepened.
After completing this webinar, participants will be able to:
• Understand the key components and objectives of the IRS's final regulations on micro-captive insurance transactions.
• Analyse the implications of the new regulations for various stakeholders, including taxpayers, captive insurance companies, and related parties.
• Identify compliance requirements and best practices for taxpayers in light of the new IRS regulations.
• Differentiate between "Listed Transactions" and "Transactions of Interest" as defined in the final regulations,
• Recognise the significance of Form 8886 and the associated disclosure requirements for micro-captive insurance transactions.
• Evaluate the new streamlined procedure for revoking Section 831(b) elections and its implications for taxpayers considering this option.
• Gain valuable insight on how this trend fares for the industry as a whole.
Moderated by Kevin Mead, chief executive of the VCIA, the panel will include Allan Autry, partner at Johnson Lambert and Bailey Roese, partner at Dentons Bingham Greenebaum.
To register for the webinar contact the VCIA.
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