The IRS has been auditing small captive insurance programs claiming that they are usually not legitimate. IRS officials have urged participants in these abusive micro-captive insurance plans to exit as soon as possible. The irs has increased audits and has won many cases in tax court. Recently, twelve newly formed IRS micro-captive examination teams were constructed to substantially increase audits.
Don’t get audited. Contact Lance Wallach and his team of experts for more information. 516-236-8440 or [email protected]