• Home
  • Articles
  • IRS accuses Florida insurance executives of ‘non-compliance’ with investigation into offshore captives

IRS accuses Florida insurance executives of ‘non-compliance’ with investigation into offshore captives

Seth Cohen, Insurance Care Direct

The “corporate officers” of Florida-based health insurance agency Insurance Care Direct – Edward Carriero, Seth Cohen, and Brad Cohen – have been accused of failing to “fully comply” with an IRS tax investigation into its “potentially abusive” relationship with two affiliated Nevis-licensed captive insurers, ICD Captive Re and HOO Captive Re.