IRS Expands Enforcement on Micro Captives as October Filing Deadline Looms

Microcaptives make IRS Dirty Dozen list

The Internal Revenue Service (IRS) has expanded its enforcement focus on ‘abusive’ micro captives insurance schemes, urging taxpayers to consult an independent tax advisor before the 15 October filing deadline. The IRS said taxpayers should not assume it will able to settle any transactions with the IRS or chief counsel on terms more favourable than… Continue reading IRS Expands Enforcement on Micro Captives as October Filing Deadline Looms