Government Wins Dismissal Of Suit Over Microcaptive Reporting Requirement

( August 30, 2024, 9:19 AM EDT) -- SALT LAKE CITY — Granting dismissal of a suit challenging a 2016 Internal Revenue Service reporting requirement for microcaptive insurance companies, a Utah federal judge said the Anti-Injunction Act (AIA) and Declaratory Judgment Act (DJA) bar most or all of the relief sought and “the court lacks the ability to award ‘meaningful’ relief” on any claim that might remain....