Penalty, Disclosure Claims In Microcaptive Case Are Related, Tax Attorney Argues

Mealey's (June 28, 2022, 10:07 AM EDT) -- WEST PALM BEACH, Fla. — Arguing that both claims she asserts stem from the refusal of the Internal Revenue Service “to follow the will of Congress regarding the proper tax treatment of microcaptive insurance companies,” a tax attorney on June 24 filed opposition in Florida federal court to all aspects of the U.S. government’s motion to sever or bifurcate the claims in her suit and stay discovery on one of them....

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