Photo of Michael W. DomanskiPhoto of Michael W. Domanski

Michael W. Domanski

Partner
Leader, Insurance Tax Practice Group

Education

New York University School of Law, LL.M.
  • Taxation
Michigan State University College of Law, J.D.
  • magna cum laude; Two American Jurisprudence Awards
  • Journal of International Law and Practice, Business Editor
University of Toronto, B.A.

Admissions

Overview
Experience
Recognition
News & Resources

Overview

Mike Domanski is a seasoned attorney with a practice dedicated to international tax matters and alternative risk financing arrangements. He possesses more than 15 years of experience representing individuals and companies involved in U.S. inbound and outbound transactions.

  • Advises tax-exempt and for-profit entities in the organization and maintenance of captive insurance companies, self-insurance programs, risk purchasing groups, rent-a-captives, and risk retention groups
  • Counsels clients in the development of structures that are tax-efficient from a U.S. and foreign perspective in the context of cross-border joint ventures, mergers and acquisitions, financings, and reorganizations
  • Represents clients in connection with Internal Revenue Service (IRS) examinations of international and captive insurance transactions
  • Provides recommendations regarding captive domiciles, ownership structure, insurance policy provisions, funding approaches, and inter-company agreements from a legal and tax perspective
  • Assists U.S. and non-U.S. companies, nonresident alien individuals, and U.S. expatriates navigate through tax treaty issues and manage tax exposures at home and abroad
  • Analyzes U.S. federal income and excise tax implications of international and captive insurance transactions, including matters related to Subpart F / related party insurance / anti-deferral rules, unrelated business income tax, withholding tax obligations, hybrid instruments, foreign tax credits, entity classification and deductibility, and taxation of premium payments to captive insurance companies
  • Provides advice regarding the preparation of federal tax and information returns impacted by international and captive insurance arrangements, including IRS Forms 8865, 8858, 8833, 8832, 5472, 5471, 1118, 1116, 926, 720, 1120-PC, 1120-F, W-8 / W-9 / FATCA, and FinCEN Form 114 / FBAR
  • Assists clients in assessing their financial reporting obligations in accordance with accounting requirements, such as FIN 48, APB 23, and FAS 5

Experience

Prior Experience

  • KPMG LLP, Midwest International Corporate Services Group
  • PricewaterhouseCoopers LLP, International Tax Practice, Boston, MA

Recognition

Awards

  • The Best Lawyers in America, 2013-2021
    • Recognized in practice area of Tax Law
    • Detroit Tax Law "Lawyer of the Year," 2021
  • Leading Lawyers Magazine Michigan, 2017
    • Recognized in practice areas of:
      • Insurance, Insurance Coverage & Reinsurance
      • International Business & Trade Law
      • Tax Law: Business
  • DBusiness, Top Lawyers, 2014-2017

Professional & Community Involvement

  • State Bar of Michigan
    • Tax Law Section
      • Former Council Member
      • International Committee, Former Chair
    • International Law Section
      • Former Council Member
      • Business and Tax Committee, Former Co-chair 
  • American Bar Association
    • Tax Section
  • International Fiscal Association
  • French-American Chamber of Commerce
  • Canadian-US Business Association
  • German-American Chamber of Commerce
  • Japanese Business Society of Detroit
  • Joint JD/LLB program between the University of Detroit Mercy School of Law and University of Windsor Faculty of Law
    • Former Advisory Board Member

Academic Appointments

  • Canadian American Business Transactions, University of Detroit Mercy School of Law, Guest Lecturer

News & Resources

Publications

Alerts

Seminars & Events