Texas Judge Vacates IRS' Steep Microcaptive Reporting Rule

By Anna Scott Farrell · April 16, 2026, 3:12 PM EDT

A Texas federal judge vacated a tax code regulation designating microcaptive insurance transactions as listed transactions subject to deep scrutiny and hefty penalties, saying the Internal Revenue Service didn't prove that...

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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