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Small Captive Insurers Aren't All Made Equal, Tax Court Told

Law360, Washington (November 29, 2017, 6:06 PM EST) -- An Arizona construction and real estate company is urging a U.S. Tax Court judge not to conflate its case relating to the tax treatment of a small captive insurance company with another, “vastly different” case where an in-house insurer was found to be a sham.

The Caylor Land & Development Inc. case is one of three Tax Court cases closely watched for the line separating legitimate insurers and shams, all before Tax Court Judge Mark V. Holmes, who has already largely sided with the IRS in...
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