Tax Benefits of a Captive Insurance Company Could Be Lost if Improper Business Purpose or Failing Economic Substance Test

By October 15, 2015 Uncategorized No Comments

Read this excellent primer article written by two leading captive insurance lawyers on the importance of the business purpose test and what the IRS seems to be looking for when they are concerned about whether or not a captive insurance company was created for the right reasons, by clicking here.

Click here to read more about the new Economic Substance Test and its relation to business purpose in forming a captive and other complex transactions with significant tax benefits associated with them.