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Another Micro Captive Insurance Company Bites the Dust
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Another Micro Captive Insurance Company Bites the Dust

The Tax Court issued the Swift v. Commissioner case yesterday and ruled that payments made were not insurance at all.

Paul Neiffer's avatar
Paul Neiffer
Feb 02, 2024
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Another Micro Captive Insurance Company Bites the Dust
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Photo by Craig Whitehead on Unsplash

The Tax Court issued a memorandum opinion yesterday in the Swift v. Commissioner case.

The Swifts had created a micro-captive insurance company based in St. Kitts. Dr. Swift owned a dozen urgent care centers and physical rehabilitation facilities located around San Antonio, Texas.

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