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US Seeks To Block Refund For Captive Insurance Penalties

By Anna Scott Farrell ( April 25, 2025, 7:01 PM EDT) -- A Pennsylvania federal court should reject a company's bid for an immediate penalty refund for operating what the IRS claimed is an abusive tax shelter through its microcaptive insurance program, the government argued Friday, saying the company is seeking protection in an unrelated U.S. Supreme Court ruling....

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