Insurance Care Direct Responds to IRS Summons on Insurance Policies Carried by Company

Released: Jun. 6, 2022 at 7:30 AM EDT

Corporate Officers Completely Cooperated with IRS – Organization Looks Forward to Amicable Resolution

DEERFIELD Beach front, Fla., June 6, 2022 /PRNewswire/ — Insurance Care Direct (ICD), a person of the nation’s primary well being benefits providers, nowadays released the below statement in reaction to a summons enforcement action submitted in federal court against company officers last month. The summonses, which ended up issued by the Internal Profits Service (IRS), relate to captive insurance policy preparations made use of by the business.

“Insurance plan Treatment Direct (ICD) and all corporate executives, such as Seth Cohen, Brad Cohen and Ed Carriero, have entirely cooperated with every single ask for from the IRS. To day, the company and its executives have spent hundreds of several hours and a significant expenditure of firm methods to completely comply with requests from the IRS, together with many rounds of generation encompassing thousands of pages of paperwork.

ICD and company leadership continue on to fully cooperate with the IRS. Seth Cohen, Brad Cohen and Ed Carriero, by and via counsel Brian Harris of Fogarty Mueller Harris, PLLC, are presently doing the job with the Office of Justice to collaboratively solve the difficulties raised in the case.

In a motion submitted on Friday, the company with the DOJ’s settlement asked for that the courtroom continue the proceedings to allow the get-togethers extra time operate collectively toward a mutual resolution.”

Captive insurance coverage preparations are identified under federal regulation and give insurance coverage guidelines that may perhaps not be frequently available or not obtainable at economical rates for companies.

About Insurance policy Care Direct

Started in 2001, Insurance Care Direct has grown into a person of the greatest wellbeing and everyday living insurance policy companies in the place. The Business presents a extensive array of competitive solutions. Headquartered in Deerfield Seashore, Florida, Coverage Care Direct is a household-owned company and is intensely associated in the nearby Florida neighborhood.

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