Captive
Insurance

For those wishing to protect their captive, we’ll get you compliant. And for those facing an audit, we’ll be your defense.

Captive Insurance And The IRS

The IRS continues to heavily scrutinize captive insurance arrangements. Certain captive insurance types have consistently appeared, including in 2019, on the IRS’s “Dirty Dozen” list of tax scams to avoid. Micro-captives in particular have been identified as potential vehicles for illegal tax shelters and the IRS is keen to crack down.

If the IRS believes that a captive insurance company is claiming deductions for non-insurance activities they will litigate. This includes going after captive insurance companies that are claiming unreasonable premium deductions. If the captive insurance company cannot show that they are distributing risk, selling insurance, shifting risk, or whether transactions involved insurance risk then that captive could be a target for the IRS.

However, the IRS has started to evaluate possible abuses surrounding CICs, and has begun examinations in the area. For those businesses who are unprepared when facing examination, there can be consequences.

We’ll Get You Compliant

If you or your client wants to protect their CIC, the time to become compliant is now.
alliantNational’s team of experts helps with:

We’ll Be Your Defense

Already under audit? alliantNational will help you or your client avoid consequences from the IRS, including understatement and negligence penalties, as well as the potential unwinding of the captive formation and subsequent loss of benefits.

The time to act is now, and alliantNational can help defend your interests with:

We’ll Be Your Defense

If you or your client wants to protect their CIC, the time to become compliant is now.

alliantNational’s team of experts helps with:

“The IRS has only increased its scrutiny when handling captives. It’s an honor to use my experience with the agency to help businesses navigate the complex nature of captives.”

- Steven Miller

Former IRS Commissioner;
alliantgroup Vice Chairman

CAPTIVE INSURANCE

Safeguarding Your Captive Insurance Company

Navigate IRS Scrutiny with ExFor those wishing to protect their captive, we’ll get you compliant. And for those facing an audit, we’ll be your defense.pert Compliance and Defense Strategies

We’ll Be Your Defense

If you or your client wants to protect their CIC, the time to become compliant is now.

alliantNational’s team of experts helps with:

We’ll Be Your Defense

If you or your client wants to protect their CIC, the time to become compliant is now.

alliantNational’s team of experts helps with:

BENEFITS & CAPABILITIES

Comprehensive
Compliance Assistance

Risk Pool and UTP Review
FIN 48 Analyses
Review of concern areas
Foreign Bank Report Filings analysis
Substantiation and documentation support

Proactive Risk Assessment

Evaluation of your captive’s risk profile
Identification of potential IRS red flags
Strategies to demonstrate risk distribution and legitimate insurance activities

Expert-Led Guidance

Team includes former IRS Commissioners
In-depth understanding of IRS scrutiny on captives
Up-to-date knowledge of IRS “Dirty Dozen” list and micro-captive issues
Tailored strategies to navigate complex IRS requirements

Robust Audit Defense

Expert representation during IRS audits
Assistance in avoiding understatement and negligence penalties
Protection against unwinding of captive formation
Preservation of captive insurance benefits

EXPERT INSIGHT

“The IRS has only increased its scrutiny when handling captives. It’s an honor to use my experience with the agency to help businesses navigate the complex nature of captives.”

Captive
Insurance