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  • Posts by Charles Lavelle
    Senior Partner

    Chaz is a member of the Tax & Employee Benefits Department. He is primarily engaged in federal tax controversy work, but also has an emphasis on the formation, operation and taxation of captive insurance companies. He has resolved ...

Many corporations, both public and closely held, have experienced problems with the commercial insurance markets and, as a solution to these issues, have set up their own “captive” insurance companies. Each corporation has done this for its own reasons – but are they reasons that may make sense for your business, too? The economics have developed so that even smaller companies with significant risks can profitably operate a captive.

On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act (PPACA), which contains a number of items that will affect employer group health plans and health care providers in the coming months and years.  Certain provisions under PPACA were further modified by the Health Care and Education Tax Credit Reconciliation Act of 2010 (Reconciliation ...

Following the tumultuous tax issues that dominated 2007 into 2008—changes that could have altered the captive industry—this year by comparison has been relatively tame.

Changes to Kentucky's regulatory environment over the past several years, including a reduced number of required audits and a simplified application process, have made the state an excellent place to establish captive insurance companies. This topic is covered in three recent articles in Business First of Louisville featuring Greenebaum attorney Charles "Chaz" Lavelle.

Many clients, whether publicly-traded or closely-held, have experienced problems with the commercial insurance markets and have set up their own “captive” insurance companies. The economics have developed so that smaller companies with significant risks can profitably use a captive.

After losing 12 cases in a row, the IRS has finally conceded that it will refund a telephone tax which was originally enacted to finance the Spanish-American War – over 100 years ago.

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