Malone & Hyde dims deduction hopes. (case concerning deductions of captive insurance company premiums on food wholesaler's tax returns)(Special ... & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on March 18, 1996. The length of the article is 1779 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Food wholesaler, Malone & Hyde, was involved in court cases from 1986 to 1995 concerning its insurance premium payments to Bermuda-based captive Eastland Insurance Ltd that were deducted on tax returns for 1979 and 1980. The US Internal Revenue Service said a portion of the deductions were invalid then revised it to all of the deductions. The Tax Court supported Malone & Hyde in both cases but in the third case the 6th Circuit Court reversed these decisions due to the deductions issue.

Citation Details
Title: Malone & Hyde dims deduction hopes. (case concerning deductions of captive insurance company premiums on food wholesaler's tax returns)(Special Report: Alternative Market Report: Captives)
Author: Susanne Sclafane
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: March 18, 1996
Publisher: The National Underwriter Company
Issue: n12 Page: p9(2)

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