Last January, the Tax Court decided Rent-A-Center, Inc. and Affiliated Subsidiaries v. Commissioner, involving a captive insurance arrangement that was challenged by the Internal Revenue Service (IRS). The Tax Court found that a parental agreement between a captive and its parent could be present in a valid insurance arrangement for federal income tax purposes.

Direct download: RentACenter_from_Taxing_Times.mp3
Category:Taxation -- posted at: 9:43am CDT