To protect against certain risks, businesses can create “captive” insurance companies. The final regulations designate ...

On November 1, 2016, via Notice 2016-66 (2017-47 IRB) (link to notice), the Treasury Department and IRS declared certain captive insurance transactions under Code section 831(b) as “transactions ...

Transaction code 570 means there is a hold on your account that's preventing the IRS from finalizing your refund. You should wait for the IRS to ask you for additional information. ...

I'm not going to spend too much time on the microcaptive transactions because the GAO's report largely follows other substantial IRS and U.S. Tax Court guidance on the matter, and so-called ...

Transaction codes that are unique to IDRS are also included." Code 150 indicates that your tax return has been processed and added to the IRS's main file.