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Jim Sabella
Partner, DHG Insurance (CPA)
Atlanta, GA

Jim brings 30 years of experience in the insurance industry to the Firm, with substantial experience serving national and global entities that range in size from Fortune 50 multinational public companies to small mutual insurance companies.

Prior to joining DHG, Jim held a variety of positions within the insurance industry. Most recently, Jim worked at a Big Four accounting firm where he focused on property/casualty, life, health, and reinsurance companies. Jim led the firm’s international insurance tax practice, focusing on cross-border transactional work. Jim has provided clients with due diligence and tax advisory services on a number of acquisition, disposition and spin-off transactions.

While in industry, Jim served as the SVP and Global Head of Tax for General Reinsurance Corporation, a multi-national reinsurance company and Berkshire Hathaway subsidiary. In this capacity, Jim focused on M&A planning, global organizational structuring, Subpart F mitigation strategies and surplus enhancement techniques. In addition, Jim was responsible for developing strategies designed to maximize after-tax yields on a diverse investment portfolio.

Concurrent with his duties at General Reinsurance, Jim served as the senior technical tax resource for the Berkshire Hathaway family of companies including as International Tax Director. In this role, Jim was responsible for advising Senior Management on a variety of tax issues including the efficient structuring of acquisition targets.

In addition to his extensive transactional background, Jim regularly provides advice on financial statement reporting under ASC 740 (including FIN 48 and Sarbanes-Oxley compliance), SSAP 101 for insurance entities, complex reinsurance transactions, IRS exam assistance, Subpart F tax planning, cross-border tax planning and various Subchapter C issues affecting insurance companies.


Professional Organizations
  • AICPA Tax Section
  • New York State Society of Certified Public Accountants (NYSSCPA)
  • Organization of Multi-national Insurance Taxation
  • RAA Tax Committee - Former Chairman
Licenses
  • Certified Public Accountant - NY - 055302
  • Certified Public Accountant - GA - CPA032448

Contact
Phone
(404)575-8961
jim.sabella@dhg.com
vCard
Education
  • Masters, Taxation - General
    Pace University
  • Bachelors, Accounting
    Siena College
Industry Focus
  • Financial Services
  • Insurance
Service Areas
  • International Tax
  • Mergers & Acquisitions
  • Tax
  • Tax Accounting

Industry Issues



Services In Focus
Alerts, News
& Publications


2018 Year End Tax Planning Letter
It is hard to believe that the year is almost over, and the holiday season is...
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Targeted Improvements to Related Party Guidance for ...

On October 31, 2018, the Financial Accounting Standards Board (“FASB”)...
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Revenue Recognition: A Private Company Disclosure Guide
The Financial Accounting Standards Board issued Accounting Standards...
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Events



Blog

Have You Heard of...
WCSC-TV’s Live 5
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Warranty Woes in ...

Warranties seem
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Case Studies
Federal Income Tax Considerations – Service Contract...
Over the years, there has been uncertainty for entities that provide automobile service contracts as to their tax status for federal income tax purposes.
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Tax Cuts and Jobs Act Conference Committee Report In...
The Conference Report (the Report) to accompany H.R. 1, the Tax Cuts and Jobs Act of 2017, was released on December 15, 2017. The 1,100 page report
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Insurance Company Tax and Draft Legislation for the ...
The House Ways and Means Committee released initial draft legislative language for the long awaited “Tax Cuts and Jobs Act of 2017” (HR 1), or “the bill” –
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Some Taxpayers May Need to File Returns Other than R...
Due to recent notices issued by the IRS a number of taxpayers will have a filing obligation this year beyond just that of filing their regular income tax
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Taxation of U.S. Owned Foreign Insurance Companies

Under current law, there are a number of provisions designed to address deferral alternatives that may be available for a U.S. owned foreign insurance
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Micro Captive Transactions - IRS Notice 2016-66, 11/...
On November 1, 2016, the IRS issued an advance copy of Notice 2016-66, 2017-47 IRB ("the Notice"), which discusses the characteristics of certain captive
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I.R.C. §953(d) – Election by Foreign Insurance Compa...

Section 953(d) allows a controlled foreign corporation (CFC) engaged in the insurance business (an electing corporation) to affirmatively elect to be
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I.R.C Section 831(b) changes effective 1-1-2017

On Dec. 18, 2015, the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) was signed into law. The PATH Act includes significant
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