Captive insurance problems, Lance Wallach, captive insurance plan
Captive insurance problems, Lance Wallach, captive insurance plan: Learn more about captive insurance problems related to 419, 412i and Section 79 plans from expert witness Lance Wallach.I.R.S. Is Looking Into Captive Insurance Shelters
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For those wishing to protect their captive, we’ll get you compliant.
ReplyDeleteAnd for those facing an audit, we’ll be your defense.
Businesses have been creating captive insurance companies (CICs) for more than 100 years in order to manage risk while taking advantage of the tax benefits offered by the insurance arrangement.
However, the IRS has started to evaluate possible abuses surrounding CICs, and has begun examinations in the area. For those businesses who are unprepared when facing examination, there can be consequences.
alliantNational leverages its years of experience with protecting taxpayers to help its clients navigate the complex world of captive insurance compliance, with its team of former high-ranking IRS executives, key congressional personnel and experienced litigators ensuring that each client has the strongest defense possible in the event of an audit.