The United States Tax Court denied deductions for premiums paid to off-shore insurance companies, and determined, among other things, that elections under IRC Section 831(b) were invalid, as the amounts paid did not qualify as... read more...
Posts By: Mike DiMayo
Annual Advisor Summit a Great Success!
Oxford would like to thank our advisors who traveled to Baltimore to attend our annual Summit. We had a fantastic turnout for the information-packed event. If you were unable to attend the Summit, please reach... read more...
Best wishes for a Happy, Healthy New Year and prosperous 2017! Oxford will reopen on Tuesday, January 3rd
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IRS extends time for filing participant and material advisor disclosure statements
The IRS has issued guidance extending until May 1, 2017, the time for filing participant and material adviser disclosure statements regarding micro-captive deals and substantially similar transactions that were identified in prior guidance as transactions... read more...
IRS releases Notice 2016-66
Notice 2016-66 was issued on November 1, 2016 to provide guidance on reporting requirements for 831(b) Captive Insurance Companies and details how to submit that data and who is required to file. The information requested... read more
North Carolina officials worry of crop welfare after Hurricane Matthew
North Carolina officials are worried that Hurricane Matthew has threatened crops in the state. Flooded farmlands close to harvest of peanuts, soybeans, and cotton are in danger of going to waste. lick here for the... read more
Hacker release medical information of Olympic stars
Hackers from the cyber-criminal group known as the Tsar Team have publicly released some information that was recently stolen of Olympic Stars and threaten to release more. This is the same group that is thought... read more...
Former Wells Fargo employees sue bank
Former Wells Fargo employees are suing the bank claiming wrongful termination. The lawsuit states that employees were unable to meet “unrealistic” and “impossible” quotas without resulting to fraud resulting in employees failing to resort to... read more...