Another Micro Captive Insurance Company Bites the Dust
The Tax Court issued the Swift v. Commissioner case yesterday and ruled that payments made were not insurance at all.
The Tax Court issued a memorandum opinion yesterday in the Swift v. Commissioner case.
The Swifts had created a micro-captive insurance company based in St. Kitts. Dr. Swift owned a dozen urgent care centers and physical rehabilitation facilities located around San Antonio, Texas.
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