Taxes computed as provided in section 11 shall be imposed for each taxable year on the taxable income of every insurance company other than a life insurance ...

Jan 25, 2017 · Section 831(b) of the Internal Revenue Code may be elected by micro-captives to exempt the insurer's underwriting profits from federal ...

Nov 1, 2016 · A transaction described in this section 2.01 is identified as a transaction of interest regardless of whether the transaction has the ...

Section 831(b) of the US Tax Code stipulates special income tax rules that apply to any type of small insurance company, not just captives. These rules can be ...

IRC section 831 provides that non-life insurance companies are subject to corporate taxes as provided in Section 11. Under section 831(b), those that qualify as ...

I.R.C. § 831(b) Alternative Tax For Certain Small Companies. I.R.C. § 831(b)(1) In General —. In lieu of the tax otherwise applicable under subsection (a) ...

Apr 4, 2024 · The Internal Revenue Service (IRS) remains at a stand-off with captives making the 831(b) tax election, and there is no indication of an ...

The 831(b) election allows a small insurance company to receive up to $1.2 million per year in premiums, without paying any income taxes on those premiums ( ...

Section 831(b) is a U.S. tax law that provides specific tax benefits to certain small insurance companies, often referred to as "micro-captives".

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