Captive

The U.S. Tax Court ruled against a construction company trying to write off consulting payments and premiums made to its micro-captive insurance company. The IRS keeps wining in tax court against captive insurance plans. The insurance premiums can’t be deducted because the micro-captive didn’t provide insurance, the Tax Court said Wednesday, relying on previous rulings, including Avrahami v. Commissioner. Contact Lance Wallach and get your money back from the promoters of these scams. 516-236-8440 Wallachinc@gmail.com