Tax Court Upholds Penalty For Microcaptive Arrangement

By Anna Scott Farrell · March 26, 2026, 6:24 PM EDT

An Oklahoma oil businessman is on the hook for an accuracy-related penalty for a microcaptive insurance arrangement that lacked economic substance, the U.S. Tax Court said Thursday, deciding an issue that...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Opinion

Recent Articles By Anna

March 26, 2026
Tax Court Slashes Deduction For Miss. Land Conservation
March 26, 2026
11th Circ. Affirms Slashing Tax Breaks For Conservation Gifts
March 25, 2026
Amazon Worker's Settlement Is Taxable, Tax Court Says
March 25, 2026
Sen. Scott Sues Booz Allen, IRS Leaker Over Data Breach
March 24, 2026
Tax Penalties Didn't Need Early Approval, Justices Told
March 23, 2026
Tax Court Filing Deadline Is Not Flexible, 4th Circ. Told
March 23, 2026
Tax-Evading Farm Biz Owner Hospitalized On Way To Prison
March 13, 2026
6th Circ. Affirms Denial Of Atty's Theft Deduction
March 12, 2026
Partnership Says Data Centers Should Not Trigger $24M In Tax
March 12, 2026
TV Network Founder, IRS Seek Settlement In $18M Tax Case