i see it is dated april 1. are you saying it is an april fool's joke?so how about this, from the irs website:IRC section 501(c)(15) provides exemption from Federal income tax for insurance companies or associations other than life if the net written premiums, or if greater direct written premiums, for the taxable year do not exceed $350,000. This exemption also includes interinsurers and reciprocal underwriters.http://www.irs.gov/irm/part4/ch49s21.htmlI was quite skeptical at first, and the April Fool's Date added to my skepticism. But I did confirm the article existed in the NY Times archive. The article also refers to section 501(c)(15).Now if I just had a few $Million to protect from taxes... at least I know how!Elysian
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra