ITB 11-47: IRS reissues interim guidance on case referrals for foreign insurance excise tax

The IRS Small Business/Self-Employed Division recently reissued interim guidance SBSE-04-1210-073, on referrals of cases involving a captive foreign insurance subsidiary to the IRS's international excise tax group for examination. Clarifying language has been added to the interim guidance requesting information on controlled industry case and closing agreements.