austin3515 Posted August 13, 2015 Posted August 13, 2015 Anyone have any cites for how to determine if two mutual insurance companies would be part of the same controlled group? Do the non-profit controlled group rules come into play (same board, etc)? Austin Powers, CPA, QPA, ERPA
jpod Posted August 13, 2015 Posted August 13, 2015 The non-profit controlled group rules apply only if both entities are tax-exempt for Federal income tax purposes.
austin3515 Posted August 13, 2015 Author Posted August 13, 2015 And so they are! Thanks! Austin Powers, CPA, QPA, ERPA
jpod Posted August 13, 2015 Posted August 13, 2015 I should have said exempt from tax under IRC Section 501(a). I don't know anything about the tax treatment or tax exemption for mutual.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now