Courtney A. Hopley, Barbara T. Kaplan, and Scott E. Fink (Greenberg Traurig LLP): Court Invalidates IRS Notice 2016-66 on Micro-Captive Transactions, the Second Time an IRS Notice Was Vacated This Month (March 23, 2022)

Courtney A. Hopley, Barbara T. Kaplan, and Scott E. Fink, of Greenberg Traurig LLP, have made available for download their article, “Court Invalidates IRS Notice 2016-66 on Micro-Captive Transactions, the Second Time an IRS Notice Was Vacated This Month”, published in a Greenberg Traurig Alert. The abstract is as follows:

In CIC Services, LLC v. IRS,1 the U.S. District Court for the Eastern District of Tennessee invalidated Notice 2016-66 for failing to comply with the Administrative Procedure Act (APA). Notice 2016-66 prescribed disclosure requirements for taxpayers and material advisors involved in certain micro-captive transactions.

Click here to see the full article: “Court Invalidates IRS Notice 2016-66 on Micro-Captive Transactions, the Second Time an IRS Notice Was Vacated This Month”.

Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.

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