Avrahami Decision Offers Microcaptives Details, No Bright Line
August 23, 2017 By Emily L. Foster Published in TaxNotes Although the Tax Court’s long-awaited Avrahami decision provided a detailed analysis shedding some light on what might constitute insurance for a microcaptive arrangement, it didn’t provide clear guidance on resolving long-standing issues, according to some practitioners. IRS officials and practitioners “were hoping for a bright…