The US Internal Revenue Service was busy in the first quarter of 2021 issuing numerous private rulings addressing a host of insurance tax issues.  And the Tax Court continued its consideration of micro-captive insurance transactions in the Caylor Land case.  For insurance tax aficionados, it’s been difficult to keep up. To assist with this endeavor, Mayer Brown tax lawyers Mark Leeds and Brennan Young, with the assistance of George “Buz” Craven, analyze this host of developments in the attached Legal Update. 

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