Self-Insurance Institute of America defends captives in light of IRS clampdown

The Self-Insurance Institute of America (SIIA) has defended captives in light of the US Internal Revenue Service’s (IRS) ongoing clampdown on ‘micro-captives’. Earlier this month, the IRS said it was to significantly increase enforcement activity and “vigorously pursue” those involved in micro-captives. The IRS issued IR 2020-26 announcing the results of a global settlement initiative offered last year to just…

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