CIC Draws Broad Support in IRS Case

In May of this year, the US Supreme Court agreed to hear CIC Services, LLC (CIC) case against the IRS. The case revolves around Notice 2016-66, which identified transactions relating to 831(b) captives, also known as micro-captives, as transactions of interest. On July 22, captive associations across the country filed a joint amicus brief in support of CIC…

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