Salem, Irving; Noll, Jocelyn
Journal of Taxation of Financial Institutions,
05/2002, Letnik:
15, Številka:
5
Trade Publication Article
Since Sept. 11, insurance coverage has been harder to obtain and is far more expensive. Fortuitously, both the courts and the IRS have opened a door previously considered problematic - brother-sister companies that are members of the same affiliate group can deduct premiums paid to an insurer which is a sibling. Accordingly, it behooves affiliated groups to think captive insurance while seeking adequate and affordable insurance coverage. This article analyzes the developments and the open questions.
