Tom Jones Finds Taxpayer-Positive Interpretation of « Avrahami » Decision


Thomas Jones said the US Tax Court’s Avrahami decision, while negative for some insurance captives, also provides further clarity and should be beneficial to larger captives. « The IRS chose to litigate this case because it thought it would win, » Mr. Jones noted. « On the taxpayer risk continuum, the facts and circumstance in this case taken together are a dark shade of gray. »