Summary
Loss of deduction and a 40% penalty. Ouch! getty
We now rejoin the Kadau microcaptive case already in progress. This case was last discussed in my article, IRS Wins Two More Microcaptive Tax Shelter Cases In Kadau And CFM (Aug. 12, 2025). There, the U.S. Tax Court held that a risk-pooled captive in…
Source: Forbes
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