The U.S. Tax Court has given an opinion in a third case involving risk-pooled captive insurance companies in Syzygy Ins. Co. v. Comm'r in which the deductions for premium payments to the captive arrangement are denied and the captive itself must realize the income from the premiums.
Third US Tax Court Opinion Denies Deductions For Risk-Pooled 831(b) Captive Arrangement In Syzygy
Forbes - 23 Apr 2019 19:02
The U.S. Tax Court has given an opinion in a third case involving risk-pooled captive insurance companies in Syzygy Ins. Co. v. Comm'r in which the deductions for premium payments to the captive arrangement are denied and the captive itself must realize the income from the premiums.
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