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Best’s News & Research Service subscription required - March 27, 2025 02:22 PM (EDT)

Tax Court: Microcaptive Didn’t Constitute ‘Insurance’ for Federal Tax Purposes

A California manufacturer and supplier for the pharmaceutical industry wrongly took tax deductions for premiums paid to a microcaptive insurer, which in turn wrongly excluded the payments from its . . .

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Captive Insurers Litigation Taxation


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