Understanding IRS Final Regulations on Micro-Captive Insurance Transactions & How They Apply to You
The upcoming webinar, "Understanding IRS Final Regulations on Micro-Captive Insurance Transactions & How They Apply to You," presented by the VCIA aims to provide participants with a comprehensive overview of the IRS's final regulations regarding micro-captive insurance. The session will cover the implications of these regulations for various stakeholders, including taxpayers, captive insurance companies, and related parties. We will discuss rules and trends for the industry as a whole. Attendees will also receive guidance on compliance requirements and best practices to navigate the new regulatory landscape effectively. The agenda includes an introduction of the speakers, a background on micro-captive insurance, and an overview of the final regulations, including key dates and classifications of transactions. Participants will learn about disclosure requirements, exemptions, and the new streamlined procedure for revoking Section 831(b) elections. A dedicated Q&A session will allow attendees to address specific concerns and scenarios, ensuring that their questions are answered and their understanding is deepened. Learning Objectives:After completing this webinar, participants will be able to:• Understand the key components and objectives of the IRS's final regulations on micro-captive insurance transactions. • Analyze the implications of the new regulations for various stakeholders, including taxpayers, captive insurance companies, and related parties.• Identify compliance requirements and best practices for taxpayers in light of the new IRS regulations. • Differentiate between "Listed Transactions" and "Transactions of Interest" as defined in the final regulations,• Recognize the significance of Form 8886 and the associated disclosure requirements for micro-captive insurance transactions. • Evaluate the new streamlined procedure for revoking Section 831(b) elections and its implications for taxpayers considering this option. • Gain valuable insight on how this trend fares for the industry as a whole. Prerequisite: Basic understanding of tax and captive operationsLevel: IntermediateCPE/CLE Credits: 1Advanced Preparation: NoneField of Study: TaxesDelivery Method: Group Internet-BasedICCIE Credit: 1 ACE CE and 1 ICCIE Teleconference CreditModerator: Kevin Mead, CEO, Vermont Captive Insurance AssociationAllan Autry, CPA, Partner, Johnson Lambert LLPBailey Roese, Partner, Dentons Bingham Greenebaum LLP Content Advisors: Aaron P. Ciullo, CPA, Marsh Captive Solutions and Ben Gold, GPW and Associates, Inc.
