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24 Aug 2018

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"Micro-Captive" Tax Updates from the North Carolina Captive Conference

At the 2018 North Carolina captive conference, Charles "Chaz" Lavelle, senior partner, Bingham Greenebaum Doll LLP, discussed Internal Revenue Code (IRC) Section 831(b) changes over the last year. Mr. Lavelle presented the incremental cap on premiums as follows. 

  • 2016—$1,200,000
  • 2017—$2,200,000
  • 2018—$2,300,000
  • 2019—indexed in $50,000 increments

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