We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Tax Court Rejects Insurance Deductions In $1.6M Row

Law360, Washington (August 22, 2017, 3:59 PM EDT) -- A U.S. Tax Court judge on Monday largely sided with the IRS and upheld most of a $1.6 million tax bill pegged to husband-and-wife Arizona business owners accused of shuffling money through their in-house insurer to claim business expense deductions for the insurance premiums.

Benyamin and Orna Avrahami cannot claim most of the $2.4 million in asserted insurance deductions for 2009 and 2010, Tax Court Judge Mark V. Holmes said, because the “captive insurance company” that they set up in the Caribbean country of Saint Christopher and Nevis, known as St. Kitts, and that collected most of that money, Feedback Insurance...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents


Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.



Government Agencies