In this session Mark will give an overview of the 831(b) tax election and where it stands following the most recent Tax Court decisions. We will introduce an 831(b) alternative - The Private Insurance Company - and its numerous benefits and uses: Risk Management, Tax Planning, Asset Protection, Investment Options and Exit Strategy. CPAs familiar with 831(b) captives will be particularly interested in the 831(b) Conversion option which will enable clients to close their 831(b) captives under a tax free exchange.
1. The available tax elections, and where they stand following the most recent court decisions.
2. The benefits of each of the alternatives, with emphasis on the 831 (b) Conversion.