Tax Court Rules Against Micro-Captive Case Backed by Life and Annuity Assets The judge put off deciding whether to apply a 40% penalty related to economic substance questions.

A Tax Court judge is figuring out how to apply a relatively new, 40% "lack of economic substance" penalty to a micro-captive case.

www.thinkadvisor.com/2025/08/18/t...

@irs #microcaptives #microcaptive #hcera #lackofeconomicsubstance #annuity #life insurance

Arizona Congressman re-introduces bill to repeal ACA, but will Trump, fellow lawmakers agree? Rep. Andy Biggs is continuing his fight to kill the Affordable Care Act, with eight committees standing between his bill and the the House floor.

Like the earlier bill, the new bill faces review by eight committees. #PPACA #HCERA #ACA #Repeal #Legislation