The IRS can impose accuracy-related penalties against a business owner found to have evaded taxes using microcaptive insurance transactions, according to an opinion by the US Tax Court Monday.
The IRS can impose accuracy-related penalties against a business owner found to have evaded taxes using microcaptive insurance transactions, according to an opinion by the US Tax Court Monday.
Curtis Kadau, an owner of a metal alloy coating business,… [385 chars]
Source: Bloomberg Tax News | Published: 2026-05-04T20:59:31Z
Credit: Bloomberg Tax News
