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Captive Hot Topics – IRS Proposed Regulations and Risk Distribution/Exposure Unit Issues

  • 20 Sep 2023
  • 7:30 AM - 8:45 AM
  • Virtual via Zoom


  • Recognition on the website, email blasts
    Opportunity to speak during the program

Registration is closed
Captive Hot Topics – IRS Proposed Regulations and Risk Distribution/Exposure Unit Issues

Join us on Wednesday, September 20, 2023

Chaz Lavelle focuses his practice on tax controversy work, primarily before the Internal Revenue Service and US Tax Court. He has over 40 years of experience in tax law matters, with an emphasis on the taxation of captive insurance companies. He has resolved scores of cases with the IRS relating to federal income, estate, excise, gift and estate taxes, penalties and interest.

Chaz's clients may be individuals, corporations or owners of captive insurance companies who have been selected for audit or who are facing appeal.

Chaz was counsel in two of the five seminal cases concerning captive insurance: Humana Inc. and Subsidiaries v. Commissioner, 881 F.2d 247 (6th Cir. 1989) ("brother sister" captive insurance) and Ocean Drilling & Exploration Company v. United States, 988 F.2d 1135 (Fed. Cir. 1993) (substantial unrelated business captive insurance).

Chaz is a nationally recognized leader in the captive insurance tax arena who is often quoted in publications for his insights related to the industry. He is a frequent contributor to insurance periodicals, and is co-author of a chapter in the American Bar Association's Captive Insurance Deskbook for the Business Lawyer.

Chaz was inducted into Captive Review's Captive Hall of Fame in 2020. Captive Review is an international magazine headquartered in London, England. He has received the Vermont Captive Insurance Association Industry Service Award, and the Captive Insurance Companies Association Distinguished Service Award, the two largest captive insurance associations headquartered in the United States.

Chaz is a fellow, and former Regent, of the American College of Tax Counsel.

Bailey Roese has nearly a decade of experience representing taxpayers in federal, state and local tax controversies. Selected as a 2023 Captive Review "One to Watch," a 2023 Best Lawyers "One to Watch," and a Kentucky Super Lawyers Rising Star in tax law for 2018-2023 in the area of Tax Law, Bailey regularly advocates for clients in state courts, administrative tribunals, the United States Tax Court and US federal courts, including the US Supreme Court. Bailey also has broad experience working with the Internal Revenue Service, including IRS appeals, and state and local tax departments to settle disputes on behalf of taxpayers. She also assists clients with their tax planning, compliance and collection needs. Her expertise encompasses income tax, captive insurance taxation, sales tax, property tax, trust and estate tax, excise tax and others.

Bailey has been a speaker or panelist on a variety of tax and legal topics, including state and local tax, federal tax, captive insurance taxation and ethics. She has also written extensively on tax law, with publications in State Tax Notes and Captive Review, among others.

Bailey is an active member of the community. She serves on the Board of Trustees for the Olmsted Parks Conservancy. In 2019, she was a member of the Transition Team for Kentucky Governor Andy Beshear and Lieutenant Governor Coleman. She formerly served as general counsel for the Kentucky Democratic Party and as president of the Board of Louisville Girls Leadership. Bailey is a 2016 graduate of Leadership Louisville's Ignite Louisville Program and a 2015 graduate of Emerge Kentucky.

George Belokas, FCAS, MAAA, is President and CEO of GPW and Associates, Inc., an actuarial and consulting firm in Phoenix. Mr. Belokas is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries, and his actuarial experience is focused in reserving and pricing for commercial lines products in reinsurance and captive insurance programs. Lines of business include workers’ compensation, property, general liability, medical malpractice, and alternative Property & Casualty insurance risks. Mr. Belokas is also experienced in various Finance and Insurance products, including vehicle service contracts, guaranteed asset protection, and tire and wheel. Mr. Belokas holds a Bachelor of Science Degree in Mathematics from Arizona State University. He is the President of the Arizona Captive Insurance Association and is a Past President of the Casualty Actuaries of the Desert States.

CLE & CPE Offered

The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1 hour toward your annual CLE requirement for the State Bar of Arizona, including 1 hour(s) of professional responsibility.

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