Rent-A-Center Can Deduct Captive Insurer Premiums from Taxes: Ruling

Overview


Thomas Jones assessed a U.S. Tax Court ruling that subsidiaries of a rent-to-own company could make a federal tax deduction of the premiums paid for the company’s captive insurance, saying that by its emphasis on the risk distribution among the company’s large number of stores the Court was “focusing on the number of risks rather than the number of entities.”