Texas Plastics Co. Challenges IRS Over Microcaptive Rules

By Kat Lucero · June 5, 2025, 7:22 PM EDT

A Texas plastics company sued the IRS over regulations flagging microcaptive insurance plans as potentially abusive tax avoidance schemes, telling a Texas federal court that the agency exceeded its authority by imposing...

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Case Information

Case Title

Drake Plastics Ltd. Co. et al v. Internal Revenue Service et al

Case Number

4:25-cv-02570

Court

Texas Southern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

June 04, 2025