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1. www.capstoneassociated.com › captive-insurance831(a) & 831(b) - Tax On Insurance Companies| Capstone ...

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   Learn more about the 831 (a), 831 (b), and 501 (c) (15) tax provisions: Captives for Larger Corporations: IRC 831 (a) Captive Insurance for the Mid-Market: IRC 831 (b) Tax-Exempt Captives: IRC 501 (c) (15) Sec. 831 Tax On Insurance Companies Other Than Life Insurance Companies.

2. irc.bloombergtax.com › public › uscodeSec. 831. Tax On Insurance Companies Other Than Life ...

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   Chapter 1. Subchapter L. Part II. § 831. Sec. 831. Tax On Insurance Companies Other Than Life Insurance Companies. I.R.C. § 831 (a) General Rule — 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 company.

3. People also ask

   What are the different provisions of IRC 831(a)?

   • In general, the various provisions of the Code are differentiated by the premium levels, gross receipts, net income, and other factors. Historically, captive insurance companies were formed only by large corporations under IRC 831 (a), affording tax-advantaged premiums.

   Captive Tax Provisions - | Capstone Associated Services

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   What is Section 831(b)?

   • Section 831 (b) was added to the Internal Revenue Code (IRC) in 1986 as part of an effort to more closely align the taxation of mutual and stock property and casualty ("P&C") insurance companies.

   The Basics of the 831(b) Election for Captives

   www.captive.com/articles/the-basics-of-the-831(b)-election-for-captives

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   What is self insurance via an 831(b) captive?

   • Self insurance via an 831 (b) captive is a smart way to fill gaps in insurance while taking advantage of powerful planning benefits. In general, a “captive” is an insurance company that’s been formed to cover risks of an affiliated or parent business.

   Captive Insurance for the Mid-market: IRC 831 (b)

   www.capstoneassociated.com/captive-insurance/captive-tax-provisions/831b/

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   How does Section 831(b) Affect A nonlife insurance company?

   • Under section 831 (b), small nonlife insurance companies that meet the requirements, including a premium limitations amount, may elect to be subject to an alternative tax based only on taxable investment income. Under this alternative tax, the underwriting profits of the electing insurance company are exempt from federal income tax.

   The Basics of the 831(b) Election for Captives

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4. www.capstoneassociated.com › 831-aCaptives for Larger Corporations: IRC 831(a)| Capstone ...

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   In general, captive insurance companies can be formed under various provisions of the Internal Revenue Code—those formed under 831 (a) are best for larger corporations, with annual premiums that exceed $2.3 million.

5. www.law.cornell.edu › uscode › text26 U.S. Code § 831 - Tax on insurance companies other than ...

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   For purposes of clause (i) (II), any interest in the insurance company referred to in such clause which is held (directly or indirectly) by an individual who is a spouse of the specified holder, and who is a citizen of the United States, shall be treated as held by the specified holder.

6. www.captive.com › articles › the-basics-of-the-831(bThe Basics of the 831(b) Election for Captives

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   Jan 25, 2017 · P. Bruce Wright , M. Kristan Rizzolo , Saren Goldner , Christopher W. Schoen | January 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 income tax.

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8. www.taxnotes.com › research › federalIRC Sec. 831 Tax on insurance companies other than life ...

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   Jan 30, 2024 · Internal Revenue Code of 1986. SUBTITLE A -- INCOME TAXES. Chapter 1 -- Normal Taxes and Surtaxes. Subchapter L -- Insurance Companies. Part II -- Other insurance companies. Year 2024 Inflation-Adjusted Items (Rev. Proc. 2023-34) Year 2023 Inflation-Adjusted Items (Rev. Proc. 2022-38) Year 2022 Inflation-Adjusted Items (Rev. Proc. 2021-45)

9. leginfo.legislature.ca.gov › faces › codes_displayCalifornia Legislative Information

   leginfo.legislature.ca.gov › faces › codes_display

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