The IRS & SFC Anti-§ 831(b) Actions: Targeted or Broad Based?
Captive Visions (August 1, 2015)
3 Pages Posted: 18 Aug 2018
Date Written: August 1, 2015
Recent moves by both the IRS and the U.S. Senate Finance Committee (“SFC”) have made it clear that there is some level of coordinated focus on the § 831(b) captive industry. The IRS action made it clear that it deems certain practices are problematic, and perhaps criminal. The SFC action began as a broad based attack, but ended as a fact-finding mission.
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