In the first Section 831(b) case to make it to trial (i.e., Avrahami vs. Commissioner, 149 T.C. No. 7), the U.S. Tax Court backed the Internal Revenue Service (IRS) by ruling that the taxpayer’s micro-captive insurance company and risk-pooling arrangement did not constitute insurance and thereby cannot be respected as such. In what is considered a big case for the micro-captive insurance industry and risk-pooling arrangements, taxpayers should use the insight provided to re-examine current structures and arrangements. View this on-demand webinar as Baker Tilly’s insurance and IRS practice and procedural professionals dissect the Avrahami ruling and what it could mean for the captive insurance industry going forward.