Microcaptives Facing IRS Scrutiny, Reactions
In an article published by Reactions, Vivian D. Hoard was quoted regarding the Internal Revenue Service and microcaptives. The article specifically referenced the Avrahami case. According to Ms. Hoard, “To be an insurance company, you have to insure an actual risk and the premiums have to reflect that risk, and the court did not believe that was the case in this instance.”
Subscribers can read the full article on the Reactions website.