Understanding The IRS Settlement Initiative Offer For Targeted 831(b) Captive Insurance Companies
Captive Insurance
jdaOn September 15, 2019, the IRS issued News Release IR-2019-157 entitled “IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit.” This appears to be the start of what amounts to the start of a global settlement initiative for qualifying 831(b) captive insurance companies and their owner.
At the outset, it is important to…