Court Urged To Deny Bid To Block Captive Reporting Rules

By Anna Scott Farrell ( September 9, 2025, 2:30 PM EDT) -- A Texas federal court should deny an injunction to a Texas plastics company seeking to stop the IRS from flagging microcaptive insurance plans as potentially abusive tax avoidance schemes, the U.S. argued, saying the public could lose millions of tax dollars on illegitimate transactions....

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