Navigating the Captive Taxation Landscape

Recording Date: Wednesday, January 20, 2021

Description

The past couple of years have seen incremental changes in captive taxation including initial court cases involving captives taking the 831(b) election, state actions over self procurement taxes and the on-going effect of Federal tax reform. In this tax webinar we discuss the impact of these changes on the current captive taxation landscape and re-evaluate best practices.

Specific topics covered include:

  • A review of recent tax rulings and court cases
  • A refresher on the basics of captive taxation and lessons learned from recent court cases
  • 831(b) scrutiny and other Federal taxation developments
  • Self procurement taxes and other state taxation issues
  • What changes to expect to captive taxation from the in-coming Administration

This webinar is suitable for existing captive owners and any prospective captive owner looking to understand the current taxation environment for captives and the impact of tax reform.

Presenters

Laurie Bizzell, Senior Manager, Bennett Thrasher. Laurie has vast experience providing tax consulting and compliance services to U.S. and foreign insurance companies, offshore investment companies and multinational clients. Her industry experience includes multi-national (re)insurers, captive insurance, investment companies and professional services. Prior to Bennett Thrasher, Laurie worked at KPMG in New York and PricewaterhouseCoopers in both New York and Bermuda.

Michael Domanski, Partner and Leader, Insurance Tax Practice, Honigman LLP.  Michael has twenty years’ experience in international tax matters and alternative risk financing arrangements. He advises tax-exempt and for-entities in the organization and maintenance of captive insurance companies, self-insurance programs, risk purchasing groups, rent-a-captives, and risk retention groups. His practice also includes analysis of U.S. federal income and excise tax implications of international and captive insurance transactions.

Patrick Theriault, Managing Director, Strategic Risk Solutions.  Patrick oversees Strategic Risk Solutions’ captive management activities in the eastern United States. He has over 20 years’ experience forming and managing captive insurance companies, including single parent, small captives, cells, groups and risk retention groups.