HOUSTON, June 19, 2017 /PRNewswire/ — alliantgroup National Director of Tax Steven Miller and Managing Director of Tax Controversy John Dies will be hosting a webinar with Bloomberg BNA entitled “Captive Insurance—The New IRS Approach” this Thursday at 10:30 am CDT to discuss Internal Revenue Service scrutiny of small captive insurance arrangements.
Many small and mid-size businesses use captive insurance companies as a way to manage insurance costs. Unfortunately, these arrangements are frequently abused to generate a business deduction, which has led captive insurance to make the IRS’s dirty dozen list three years in a row.
As a former Acting Commissioner of the IRS and Deputy Commissioner for Services and Enforcement, Steven Miller has more than 25 years experience working at every level of the IRS. John Dies has represented hundreds of clients for substantiation claims, examinations and appeals. As an experienced trial attorney, he has argued many cases that had significant ramifications on the tax code.
During this webinar, Miller and Dies will discuss the pros and cons of captive insurance companies as well as what is required for a proper captive set-up. They will also discuss how the IRS conducts these examinations and pending court cases that will decide the future of captive insurance like Avrahami v. Commissioner. This webinar will count for 1.0 CLE or CPE Credit.
“Captive insurance is a huge focus of the IRS right now,” said alliantgroup CEO Dhaval Jadav. “alliantgroup is committed to making sure the CPAs we work with and their clients have the most current information available. Any corporate tax advisor would benefit from learning more about upcoming court cases and how the IRS views captive insurance.”
alliantgroup exists to help industry associations, American businesses and CPA firms take advantage of federal and state tax credits, incentives and deductions to the fullest extent possible. Congress passed legislation on these incentive programs to help US businesses compete domestically and internationally. alliantgroup has helped over 20,000 business claim more than $5 billion in tax incentives. Headquartered in Houston, Texas, alliantgroup employs over 700 employees nationwide who are all passionate about helping US businesses stay strong and innovative. For more information find alliantgroup on Facebook or Twitter.