BGD Attorney Discusses Captive Insurance Trends with Business Insurance Publication
Bingham Greenebaum Doll LLP attorney Charles J. Lavelle recently spoke with Business Insurance regarding the Internal Revenue Service’s increased scrutiny of captive insurance arrangements. In the piece, industry leaders discuss the formation of these captives and recent cases that have put captives under the microscope.
An excerpt of the article is below. Click here to read the full article on the Business Insurance website (registration required).
Excerpt from ‘IRS increases its scrutiny of captive insurance arrangements’
Mr. Lavelle agreed that the IRS appears to be scrutinizing captives more closely, but said that attention is aimed at large captives as well as smaller ones. "There's a lot more activity of IRS audits of captive companies, but that includes public companies as well as closely held. I think the IRS is just more active in the captive area now than they have been in the past," he said.