Sign Up Today

Sign Up Now

Tuesday, March 20, 2018

Captive Insurance Alerts

The Captive Insurance Companies Association ("CICA"), a trade association representing the captive insurance industry, has issued a statement on section 831(b) companies with cautionary language: The traditional captive insurance company industry and CICA are extremely concerned about the misuse of small captives utilizing the IRC 831(b) election and the attendant publicity about "captives" being a tax avoidance device. Although there is nothing wrong with the utilization of the 831(b) election when a small captive insurance company is truly engaged in insuring the risk of its parent company/owner(s), the traditional captive insurance industry strongly opposes the utilization of small 831(b) captives primarily for tax sheltering purposes. In simple language, do 831(b)s right or don't do them at all!

Friday, February 17, 2017

Lance Wallach Life Insurance: Captive Insurance Buyer Beware

Is a captive insurance cell the way to go? - Accounting Today - Captive Insurance: Achieve large tax and cost reductions by renting a “CAPTIVE”. Most accountants and small business owners are unfamiliar with a great way to reduce taxes and expenses. By either creating or sharing “a captive insurance company”, substantial tax and cost savings will benefit the small business owner.



To read the entire article, click here

412i captive insurance section 79 412i lawsuits IRS | Ampminsure

412i captive insurance section 79 412i lawsuits IRS | Ampminsure

Join our organization for IRS Help! SOLVE YOUR IRS PROBLEMS

Join our organization for IRS Help! SOLVE YOUR IRS PROBLEMS

#captiveinsurance

#captiveinsurance

How Hartford Life and Other Insurance Companies Tricked their Agents 432 views, 54 likes | Stacey Arenas | LinkedIn

How Hartford Life and Other Insurance Companies Tricked their Agents 432 views, 54 likes | Stacey Arenas | LinkedIn

Lance Wallach Professional Profile at Toolbox for Finance

Lance Wallach Professional Profile at Toolbox for Finance