In 2002, the IRS issued guidance on captive insurance. The three new revenue rulings and a revenue procedure address deductibility of premiums paid to a wholly owned insurance subsidiary. The first revenue ruling can be found HERE.
There are a number of reasons why a foreign insurance company would make a so-called 953(d) election. This article will discuss two of those reasons. What is a 953(d) Election?...
In a previous article, we told you about a case that was argued in the United States Supreme Court on October 6, 2020. That case, Rutledge, Attorney General of Arkansas...
On December 7, 2020, the New Jersey Supreme Court ruled in favor of Johnson & Johnson on its claim for a refund of insurance premium taxes. The Supreme Court adopted...