Business
In Avrahami v. Commissioner, 149 T.C. No. 7, the Tax Court held that amounts paid to a captive insurance company and an offshore reinsurer were not insurance premiums for federal income tax purposes and were not deductible under Internal Revenue Code section 162. Bob Keebler and Jay Adkisson discuss the decision and its implications. This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com