Treasury’s new rules on supervisory approval of penalties are flawed and don’t apply to a couple’s suit challenging tax penalties and denied deductions related to microcaptive insurance companies they operated for a network of urgent care clinics, an attorney for the couple told the Fifth Circuit.
New Penalty Rules Flawed, 5th Circ. Told In Microcaptive Row
by usoftax_admin | Jan 30, 2025 | Tax News