Taxation
Oklahoma Insurance Department Revises Captive Premium Tax Forms Following Reporting Error
The Oklahoma Insurance Department revised its captive insurance premium tax forms after an error miscalculated the minimum tax due. Captive managers must delete draft filings and use the corrected National Association of Insurance Commissioners OPTins form. Updates clarify fiscal-year filings and prorated taxes for new captives. The March 1 filing deadline remains unchanged. Learn More
The IRS's 831(b) Regulations: Industry Concerns and Legislative Responses
The 831(b) Institute advocates against the latest Internal Revenue Service (IRS) regulations on 831(b) captive insurance, arguing they impose unfair compliance burdens. This article examines industry concerns, key court rulings, and legislative efforts to protect captives as a risk management tool, providing insight into the advocacy efforts shaping the regulatory landscape. Learn More
Fight, Flight, or Adapt: Approaches to New Micro-Captive Regulations
Rob Walling of Pinnacle explores how 831(b) captives are reacting to the IRS's new regulations. Some are fighting back, others are adapting their structures, and some are shifting away from the election. Despite regulatory challenges, captive insurance remains a powerful tool for businesses managing risk and financial stability. Read More
Breaking Down the IRS's Final Regulations on Micro-Captive Insurance Transactions
The Internal Revenue Service (IRS) finalized regulations on micro-captive insurance, revising criteria for listed transactions and transactions of interest. New disclosure rules affect 831(b) captives, with a 90-day compliance window. Exemptions apply for consumer coverage reinsurance, and a new process allows streamlined revocation of the 831(b) election under Rev. Proc. 2025–3. Read More
IRS Finalizes Micro-Captive Regulations
The Internal Revenue Service (IRS) and the Treasury Department issued final regulations on micro-captive insurance arrangements, marking an effort to refine the framework for identifying and reporting abusive practices. Read More
Ryan LLC Challenges IRS Micro-Captive Insurance Rule in Federal Court
Ryan LLC has filed suit against the Internal Revenue Service (IRS), contesting a rule on micro-captive insurance transactions. The firm claims the regulation exceeds authority, disrupts small business risk management, and imposes arbitrary loss ratio thresholds. Read More
Navigating Bermuda's New Corporate Income Tax: Insights from Bermuda Captive Conference
This article examines Bermuda's corporate income tax for multinational enterprises, focusing on compliance obligations, economic transition adjustments, and financial impacts. Insights from the Bermuda Captive Conference reveal how the tax aligns with global standards, enhancing transparency and operational predictability for affected entities. Read More