Government Responds To Authority In Purported Captive Insurer’s Tax Status Challenge

Mealey's (October 13, 2021, 2:46 PM EDT) -- DENVER — Neither the U.S. Supreme Court in CIC Servs., LLC v. IRS nor a Tennessee federal judge’s recent ruling on remand of that case “‘expressed concern’ that the IRS was overzealously challenging captive insurance arrangements,” the government tells a 10th Circuit U.S. Court of Appeals panel in its Oct. 1 response to a notice of supplemental authority filed by a company challenging a ruling that it is not a tax-exempt insurer....