It’s Taxing - The IRS Podcast

<p>Episode Summary: In this episode of It's Taxing - The IRS Podcast, hosts Derek W. Kaczmarek, a former IRS senior trial attorney, and Lisa Mosbey delve into the complexities of captive insurance arrangements. They explore why these arrangements have become a significant focus for the IRS and the implications for businesses involved. Derek explains the legitimate use of captive insurance companies for small to medium-sized businesses and the tax benefits under code section 831(b). The discussion highlights the IRS's scrutiny of these arrangements, particularly focusing on risk distribution and the real-world operations of captives. Listeners gain insights into the...