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Welcome to the blog! This is your one-stop-shop for everything happening in the dealership reinsurance world. Knowledge is power and we provide you with the information to better serve your customers and grow your business. From news and information to recommendations, Buckeye Dealership Consulting is here to help you flourish as a dealership.
It has come to our attention that many CPAs are understandably not prepared and, consequently, uncomfortable completing the mandatory IRS Form 8886 on behalf of producers and/or reinsurance company shareholders. The mandate by the IRS, in notice 2016-66, was extremely...
Due to the new filing requirements imposed by IRS Notice 2016-66, we need to know the CPA contact information for each shareholder that is associated with your reinsurance company(s). Please reach out to these individuals and have them send us this information so that...
As many of you may know, the IRS has issued a notice in November labeled Notice 2016-66. This Notice requires all individuals with a company that uses the tax section 831(b) (micro captives) to report that they have these companies to the IRS. We here at BDC are...