Supreme Court Considers IRS’s Micro-Captive Reporting Requirements
By EsqSocial Corporation 18/12/20
On December 1, 2020, the United States Supreme Court heard oral arguments in CIC Servs. LLC v. Internal Revenue Service, a case challenging the Internal Revenue Service’s (IRS) reporting requirements around certain transactions involving captive insurance companies that elect to be taxed under § 831(b) of the Internal Revenue Code (referred to as “micro-captives”)....
By: Faegre Drinker Biddle & Reath LLP