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The Curious Case of Cryptocurrency

Cryptocurrency is complicated. You’ve definitely heard about it, and probably know someone who has either lost big or became an overnight millionaire because of it. Buzz words and terms get thrown around constantly like “blockchain” and “mining”, but what exactly is cryptocurrency? And why is IRS’ treatment of the new currency shrouded in so much…

Recent Developments in the Captive Insurance Space

We at alliantNational wanted to discuss some recent developments with regard to the captive insurance space – specifically, with respect to IRC § 831(b) micro-captives. However, let’s begin by walking through the definition of captive insurance. When businesses can’t find affordable commercial insurance to cover their risks, they may establish an insurance company of their…

Tax Court Issues section 831(b) Ruling in Syzygy Insurance

On April 10th, The Tax Court issued its latest opinion involving micro-captives. In mostly finding for the IRS, the Court maintains the analytical framework set forth in its opinions in Avrahami (2017) and Reserve Mechanical (2018). It also provides a window into what happens when the IRS invalidates the 831(b) election. The Court found that…

Kathy Petronchak Addresses the House Ways and Means Oversight Subcommittee on Potential IRS Reforms

Kathy Petronchak, alliantgroup’s Director of IRS Practice and Procedure and the former IRS Commissioner of the Small Business/Self-Employed Division (SB/SE), testified before the House Ways and Means Oversight Subcommittee on an issue that I know many of you are passionate about – reform of the IRS and its compliance burdens placed on small businesses. During…

Ways and Means Tax Proposal

By Dean Zerbe, alliantgroup National Managing Director As I’ve mentioned earlier, I don’t expect much to happen in tax this election year—except for some small-ball items closer to the end of the year (for example, provisions to further address identity theft). Nothing has changed on that front. So with the presidential election in full swing…

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Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave. Washington, D.C. 20004
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© 2021 alliantNational.- All Rights Reserved.

aNlogo-footer3@2x

Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave.
Washington, D.C. 20004
202.888.7006

© 2021 alliantNational. - All Rights Reserved.

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