IRS Fights For Microcaptive Reporting Rules In 5th Circuit

By Kevin Pinner ( October 23, 2026, 6:47 PM EDT) -- The Fifth Circuit should restore a vacated regulation that required disclosure of certain microcaptive transactions due to the risk of tax avoidance and uphold another related rule that carried a lower penalty for reporting failures, the government said Friday, arguing against a plastics manufacturer fighting to eliminate both....

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