Emboldened by significant victories in three Tax Court cases involving micro-captive insurance companies, on Jan. 31, 2020, the IRS announced that it is establishing 12 new examination teams to assist
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IRS Offers Settlements to Some Micro-Captive Insurance Taxpayers
On Sept. 16, 2019, the IRS announced it is offering settlements to certain taxpayers with open audits of micro-captive insurance transactions. The IRS has targeted these micro-captive insurance transactions
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IRS Provides Tax Relief for Victims of Hurricanes Harvey, Irma, and Maria
The IRS has announced that “affected taxpayers” in areas of Florida, Georgia, Puerto Rico, Texas, and the U.S. Virgin Islands designated as “covered disaster areas” are eligible for the postponement
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Considerations in Administering an Irrevocable Life Insurance Trust
Irrevocable life insurance trusts (ILITs) serve a multitude of significant estate planning and asset protection objectives. To effectuate these goals, proper administration of such trusts is required. This can be
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Don’t Forget Your Beneficiary Designations!
Life-changing events such as marriage, divorce, and death require a review of the beneficiary designations for life insurance policies and retirement accounts. These types of assets often represent a significant
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Greenberg Traurig Listed in Law360 For Insurance Work
Greenberg Traurig’s Insurance Regulatory and Transactions Practice is listed in Law360’s “The 16 Firms GCs Love For Insurance Work.” As the insurance industry continues to grow and evolve, 16 law
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