September 30, 2021
A Tennessee federal court should toss a microcaptive insurance advisory firm's attempt to discover more about decision-making behind an Internal Revenue Service reporting requirement for the industry, since it hasn't shown the agency acted in bad faith, the government said.
September 21, 2021
The IRS cannot enforce guidance penalizing the nondisclosure of microcaptive insurance arrangements against an advisory firm pending the outcome of its suit contending the guidance violated administrative law, a Tennessee federal judge said Tuesday.
September 03, 2021
A Tennessee federal judge agreed to hold a hearing this month on whether to pause enforcement of Internal Revenue Service guidance requiring disclosure of microcaptive insurance arrangements after the U.S. Supreme Court found the advisory could be challenged.
September 01, 2021
A Tennessee federal court should hold a hearing on whether to pause enforcement of Internal Revenue Service guidance requiring disclosure of microcaptive insurance arrangements after the U.S. Supreme Court found the guidance could be challenged, an advisory firm said Wednesday.
August 18, 2021
A pause on enforcement of guidance requiring the disclosure of microcaptive insurance arrangements to the Internal Revenue Service is warranted after the U.S. Supreme Court found the rules could be challenged, an advisory firm told a Tennessee federal court.
August 12, 2021
A Tennessee federal court shouldn't pause enforcement of guidance requiring the disclosure of microcaptive insurance arrangements to the Internal Revenue Service after the U.S. Supreme Court revived an advisory firm's challenge to the reporting requirements, the federal government argued.
August 09, 2021
The Internal Revenue Service's proposed delay in a microcaptive advisory firm's legal challenge to agency disclosure guidance is part of a continued attempt to "bully and bleed" the firm, the business told a Tennessee federal court.
July 28, 2021
A microcaptive advisory firm again asked a Tennessee federal court to pause IRS enforcement of guidance requiring the disclosure of microcaptive insurance arrangements after the U.S. Supreme Court ruled the regulation could be challenged before it is violated.
November 02, 2017
A Tennessee federal judge on Thursday dismissed insurers' suit accusing the Internal Revenue Service of unfairly labeling them as tax scammers in a notice on so-called captive insurance companies.
March 28, 2017
The Internal Revenue Service was hit with a lawsuit on Monday over a notice it issued in November identifying potential tax-avoidance maneuvers involving in-house insurers, with two managers of such companies accusing the agency of unfairly tainting them as tax scammers.