Blog Posts from R. Ryan Gadapee

Micro-Captives & New IRS Settlement Offer

Micro-Captives & New IRS Settlement Offer

Sep 19, 2019
On September 16, 2019, the Internal Revenue Service (IRS) announced IR-2019-157, a limited-time global settlement offer for certain taxpayers under audit who participated in what the IRS has deemed as abusive micro-captive insurance transactions.
Vermont’s New Captive:  Affiliated Reinsurance Companies

Vermont’s New Captive: Affiliated Reinsurance Companies

Jun 20, 2018
With an eye toward creating a domestic alternative to offshore reinsurance affiliates, the Vermont Legislature recently passed legislation establishing a new type of captive, an affiliated reinsurance company (“ARC”), effective July 1, 2018.