Captive Insurance Risk Alert
Tax practitioners should be cognizant of the Internal Revenue Service (“IRS”) increasing and focused activity related to micro-captive insurance companies (hereinafter referred to as Captive Insurances. Captive Insurance Risk Alert
Additional scrutiny and skepticism may increase the professional liability risk of a CPA firm. CPA firms with clients who have established, or are considering establishing, a Captive should pay special attention to this Risk Alert.
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Significant Increase in Audits
Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors, thecall us for help