Tax & Current Accounting Topics

IRS offers new stricter settlement for micro-captive insurance schemes


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IRS offers new stricter settlement for micro-captive insurance schemes; offer letters being mailed to groups under audit 

https://www.irs.gov/newsroom/irs-offe...

https://accountinginstruction.info/

The Internal Revenue Service announced today a second time-limited settlement initiative for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.

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Tax & Current Accounting TopicsBy Robert (Bob) Steele