Joe Taylor is a retired partner, and his practice focuses on closely held businesses, captive insurance companies and insurance products.
Mr. Taylor’s practice involves the representation of captive insurance companies in various foreign and state domiciles. He has extensive experience with respect to premium deductibility, federal excise taxes, controlled foreign corporations, domicile selection and other tax and insurance regulatory issues.
Mr. Taylor has represented purchasers and holders of business-owned life insurance, including corporate-owned (COLI), bank-owned (BOLI) and trust-owned (TOLI) variable whole life policies. He has provided legal opinions and analyses regarding many aspects of ownership and policy purchases, transfers and exchanges, including opinions relating to federal and state tax consequences involving premium amounts exceeding $1 billion.
His practice has involved extensive closely held business general representation and tax planning, including a leading poultry processor and a major independent gasoline retailer.
Mr. Taylor has frequently represented parties to reinsurance cessions and retrocessions of all types, including special purpose arrangements. He has secured federal tax rulings on reinsurance transactions, dealt with state and excise tax controversies and regulatory matters arising out of reinsurance transactions, and handled actuarial controversies as well as accounting audit disputes regarding transactions on insurers' statutory and GAAP financial statements.