The Internal Revenue Service (IRS) recently issued Letter 6336 reminding every investor in a micro-captive about the IRS’s continuing focus on micro-captive transactions. Micro-captives are the No. 1 transaction of focus for the IRS’s Civil Division and No. 2 on the IRS’s Criminal Division’s list. Individuals that have ownership interests in micro-captives and professionals involved in the planning and operation of micro-captive arrangements have many questions with few answers about a path to move forward.
Who should watch
- Micro-captive managers
- Individuals with ownership interests in micro-captive insurance companies
- Professionals that advise on section 831(b) micro-captive arrangement
Presenters
- Carrie Small, CPA, MST, partner
- Mark Heroux, J.D., principal