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IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit

by IRS | Sep 21, 2019   ()

The Internal Revenue Service announced today the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Taxpayers eligible for this offer will be notified by letter with the applicable terms. Taxpayers who do not receive such a letter are not eligible for this resolution.
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Source: IRS
Source: IRS

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