FMN Taxes

FMN Plus-2023/May, Seg 2 - Captive Insurance Companies: Operations and Taxation

The cost of insurance is going sky high. One option that many companies employ to control costs is creating a captive. In fact, 90% of Fortune 1000 companies currently use them. Greg Domareki, a Tax Principal with the accounting and consulting firm Wipfli, reviews all aspects of setting up and maintaining a captive insurance company. Topics include performing a feasibility assessment, determining the proper structure, and selecting the domicile location. The benefits and tax advantages of being a captive is also discussed.

Learning Objectives:

Upon successful completion of this segment, attendees should be able to:

  • Recognize the benefits of setting up a captive
  • Describe the considerations involved when setting up a captive
  • Identify the three common types of captives
  • Describe how to qualify as a captive insurance company


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

Gregory Domareki is a principal at Wipfli, a top 20 accounting and business consulting firm.

He has 20 years of insurance tax experience. He advises clients with complex tax planning and modeling needs.

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Price (USD)

Standard: $69.90

Details

Course Code : FMN1495-FM

Release Date : 05/10/2023
Expire Date : 12/14/2024
Credits :
CPE 2.00
Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study

Mobile Compatible
Field Of Study : Taxes

Theme : Corporate Tax Series

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