The IRS looks at the pricing of premiums, how the captive's assets are invested and the operating company's risk management program. They also will inquire about the commercial insurance in place and gaps in that coverage, he said.
“The IRS records their interviews in the hopes of getting someone to say the captive was put together for tax purposes,” rather than for legitimate insurance purposes,
The IRS looks at the pricing of premiums, how the captive's assets are invested and the operating company's risk management program. They also will inquire about the commercial insurance in place and gaps in that coverage, he said.
ReplyDelete“The IRS records their interviews in the hopes of getting someone to say the captive was put together for tax purposes,” rather than for legitimate insurance purposes,