IRS Can't Double-Tax Retrocessions, Judge Says

By Matthew Villmer · February 5, 2014, 5:57 PM EST

The D.C. District Court on Wednesday found that federal law bars the Internal Revenue Service from collecting excise taxes on certain retrocession insurance policies, ordering the IRS to refund $425,000 in...

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Case Information

Case Title

VALIDUS REINSURANCE, LTD. v. UNITED STATES OF AMERICA

Case Number

1:13-cv-00109

Court

District Of Columbia

Nature of Suit

Taxes

Date Filed

January 24, 2013