Owners of single-parent captive insurance companies have long had ongoing battles with the IRS over the deductibility of insurance liabilities, with current edge going to the captive owners. That could be about to change in newly proposed IRS rules take effect (see here, here and here). While it is clearly too early to accurately predict the outcome, comments from some experts include the following: there will be no tax advantages to establishing a captive arrangement over the use of simple...
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