New Penalty Rules Flawed, 5th Circ. Told In Microcaptive Row

By Anna Scott Farrell · January 30, 2025, 5:22 PM EST

Treasury's new rules on supervisory approval of penalties are flawed and don't apply to a couple's suit challenging tax penalties and denied deductions related to microcaptive insurance companies they operated for...

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Documents

Case Information

Case Title

Swift v. CIR

Case Number

24-60270

Court

Appellate - 5th Circuit

Nature of Suit

Tax Court 

Date Filed

June 03, 2024