Kristen Hazel and Elizabeth Erickson wrote this bylined article assessing the Tax Court decision in R.V.I. Guaranty Co. v. Commissioner, which confirmed that residual value insurance is, in fact, insurance. For the taxpayer in R.V.I., the authors wrote, the key issue was “ to determine whether a contract of insurance is insurance for US federal income tax purposes, or is, instead a financial product protecting against business or investment risk.” Read the full article.