Government Petitions To Enforce Summonses In Microcaptive Insurance Probe

(August 1, 2022, 1:14 PM EDT) -- SHERMAN, Texas — Alleging failure to fully comply with administrative summonses issued during an Internal Revenue Service investigation involving purported “micro-captive” insurance transactions, the U.S. federal government on July 27 petitioned a Texas federal court to enforce those summonses against three entities and the person who is “their owner and/or principal officer.”...