Now You Own It, Now You Don't: IRS Clarifies Taxation Of Rent-A-Captives
Mondaq Business Briefing › United States Law Articles in English (2008)
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Now You Own It, Now You Don't: IRS Clarifies Taxation Of Rent-A-Captives
This article originally appeared in the April
2008 issue of Captive Review. When you rent a captive, is it taxed as if you own it? The IRS recently resolved that question in Revenue Ruling 2008-8. The ruling holds that if a rent-a-captive cell satisfies the tax definitional requirements of an insurance company, it will be treated as a standalone insurance company despite the cell's lack separate legal statu...See the full content of this document
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