Finance, Investments, and Accounting
State and Local Income Tax Issues and Captive Insurance
State and local income taxes are an evolving issue that concerns captive insurers and that some states are challenging as they look for revenue. Learn More
What Captive Owners Should Know about the Federal Excise Tax
Bruce Wright, partner at Eversheds Sutherland (US) LLP, discusses what captive owners should know about federal excise tax. Learn More
Insights into the Avrahami and Feedback Decision
The US Tax Court decided two cases, Avrahami v. Commissioner and Feedback v. Commissioner, and the formation and operation of a captive insurer. Read More
Collateral for Captive Insurers
Martin Ellis, manager of Comerica Bank's Captive Insurance Group, says captive insurers mainly use letters of credit and reinsurance trusts for collateral. Read More
"Insurance Risk" as a Tax-Deductibility Requirement
As touched on in the video "Tax-Deductibility of Captive Insurance Premiums," P. Bruce Wright of Eversheds Sutherland (US) LLP expands on what qualifies as a true insurance risk for regulatory and tax-deduction purposes. One of the most important factors is determining if there is an insurable interest. Read More
Tax-Deductibility of Captive Insurance Premiums
P. Bruce Wright of Eversheds Sutherland (US) LLP explains what is required of an insurance contract in order for a captive to deduct its insurance premiums for tax purposes. Read More
Why Letters of Credit Are the Most Popular Option for Captive Insurers
Martin Ellis, manager of Comerica Bank's Captive Insurance Group, explains why letters of credit (LOCs) are the most popular collateral option for captive insurers. Read More