Micro-Captive Reportable Transaction Deadline Effectively Extended
By EsqSocial Corporation 15/04/25
On Friday, April 11, 2025, the Internal Revenue Service issued Notice 2025-24 (the “Notice”), which waives applicable penalties under the Internal Revenue Code to participants in, and material advisors to, reportable micro-captive insurance transactions so long as requisite disclosure statements are filed by July 31, 2025....
By: Womble Bond Dickinson