TD 10029: Micro-Captive Listed Transactions and Micro-Captive Transactions of Interest
Date: 2025-01-14HTML , PDF
(Proposed Regulation: HTML , PDF )
Abstract: This document contains final regulations that identify transactions that are the same as, or substantially similar to, certain micro-captive transactions as listed transactions, a type of reportable transaction, and certain other micro-captive transactions as transactions of interest, another type of reportable transaction. Material advisors and certain participants in these listed transactions and transactions of interest are required to file disclosures with the IRS and are subject to penalties for failure to disclose. The final regulations affect participants in these transactions as well as material advisors.
Notable phrases
Frequency
loss ratio 163 micro-captive listed transaction 77 micro-captive transaction of interest 54 directly or indirectly 23 substantially similar 21 insurance for federal tax 20 Form 8886 19
Reg. Cites
Frequency
1.6011-10 16 1.6011-11 12 1.6011-4 10 1.6011-4(d) 10 1.6011-4(b)(6) 7 1.6011-4(b)(2) 6 1.6011-10(d)(2) 6 1.6011-10(b)(5) 5 1.6011-11(c) 5 1.6011-11(b)(1) 5 1.6011-10(c)(2) 5 1.6011-10(g)(2) 5 1.6011-11(g)(2) 5 1.6011-11(a) 5 1.6011-10(a) 5 1.6011-11(d)(2) 5 1.6011-11(g) 4 1.6011-10(g) 4 1.6011-4(c)(3) 4 1.6011-10(b)(1)(i) 4
Sec. Cites
Frequency
831(b) 89 6011 11 831(a) 10 6011(a) 5 831(b)(2)(B) 5 6103 4 834 3 6501(c)(10) 3 482 2 6707a(c)(2) 2 6501 2 280E 2 834 2 1297(b)(2)(b) 2 6707a(c)(1) 2 6707a(c) 2 6501(c) 2 6111 2
Authorities Referenced:
Allied Fidelity Corp. v. Commr. , 572 F.2d 1190 (7th Cir. 1978).AMERCO v. Commr. , 96 T.C. 18 (1991).Avrahami v. Commr. , 149 T.C. 144 (2017).Barnett Bank of Marion Cty. v. Nelson , 517 U.S. 25 (1996).Caylor Land & Dev., Inc. v. Commr. , T.C. Memo. 2021-30.CIC Services, LLC v. IRS , 592 F.Supp.3d 677 (E.D. Tenn. 2022).Clougherty Packing Co., Inc. v. Commr. , 811 F.2d 1297 (9th Cir. 1987).Green Valley Investors, LLC, et al. v. Commr. , 159 T.C. No. 5 (2022).Hanover Ins. Co. v. Commr. , 65 T.C. 715, 722 (1976).Helvering v. Le Gierse , 312 U.S. 531 (1941).Harper Grp. v. Commr. , 979 F.2d 1341 (9th Cir. 1992), aff'g, 96 T.C. 45 (1991).Hospital Corp. of Am. v. Commr. , T.C. Memo. 1997-482.Humana Inc. v. Forsyth , 525 U.S. 299 (1999).Indust. Life Ins. Co. v. United States , 344 F. Supp. 870, 875 (D.S.C. 1972), aff'd, 481 F.2d 609 (4th Cir. 1973).Keating v. Commr. , T.C. Memo. 2024-2.Loper Bright Enterprises v. Raimondo , 144 S.Ct. 2244 (2024).Mann Construction v. United States , 27 F.4th 1138, 1147 (6th Cir. 2022).Modern Life & Acc. Ins. Co. v. Commr. , 420 F.2d 36 (7th Cir. 1969).Patel v. Commr. , T.C. Memo. 2024-34.Puglisi v. Commr. , 2021 WL 7162530 (T.C. Oct. 29, 2021).R.V.I. Guar. Co. v. Commr. , 145 T.C. 209 (2015).Rent-A-Center, Inc. v. Commr. , 142 T.C. 1 (2014).Reserve Mechanical Corp. v. Commr. , 34 F.4th 881 (10th Cir. 2022).Royalty Mgmt. Ins. Co., Ltd. v. Commr. , T.C. Memo. 2024-87.Sears Roebuck & Co. v. Commr. , 972 F.2d 858 (7th Cir. 1992).Securitas Holdings, Inc. v. Commr. , T.C. Memo. 2014-225.SEC v. Nat'l Sec., Inc. , 393 U.S. 453 (1969).Syzygy Insurance Co., Inc. v. Commr. , T.C. Memo. 2019-34.Swift v. Commr. , T.C. Memo. 2024-13.Commr. v. Treganowen , 183 F.2d 288 (2d Cir. 1950).United Parcel Service of America, Inc. v. Commr. , 254 F.3d 1014 (11th Cir. 2001).United States v. Redcorn , 528 F.3d 727 (10th Cir. 2008).United States v. Del. Dep't of Ins. , 66 F.4th 114 (3d Cir. 2023).United States Dep't of Treasury v. Fabe , 508 U.S. 491 (1993).Notice 2002-70. Rev. Rul. 2002-89. Rev. Rul. 2002-90. Rev. Rul. 2002-91. Notice 2004-65. Rev. Proc. 2005-26. Rev. Rul. 2005-40. Rev. Rul. 2007-47. Rev. Rul. 2008-8. Rev. Rul. 2009-26. Notice 2016-66. Notice 2017-08. Rev. Proc. 2024-1.
Statistics
Number of pages: 30 , words: 32,731 , sentences: 1,265 25
