Jury Rules Against Government In Tax Penalty Row Over Purported Microcaptives

(April 10, 2024, 11:07 AM EDT) -- FORT MYERS, Fla. — After a jury found for the plaintiffs in consolidated cases over whether their involvement with purported microcaptive insurance companies constituted promotion of abusive tax shelters, a Florida federal judge ordered the government to refund the penalties they paid, with statutory interest....