1
-
10
of
11
results (0.45 seconds)
Sort By:
-
IRS Provides Important Guidance on Changes in Basis of Computing Reserves under Section 807(f)
Association of Insurance Commissioners (“NAIC”) Valuation Manual and Principle-Based Reserve (“PBR”) methodologies ... on modern actuarial valuation standards such as PBR, as well as on tax valuation standards revised by ...- Authors: Mark Smith
- Date: Mar 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Taxing Times
- Topics: Public Policy
-
New Regulations Provide Guidance on Computation and Reporting of Reserves
National Association of Insurance Commissioner’s Valuation Manual 30 [(“VM-30”)] as it existed on December ... determined using the Commissioners’ Reserve Valuation Method (“CRVM”) do not include an AAR component ...- Authors: Mark Smith, Arthur Schneider
- Date: Nov 2020
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Taxing Times
- Topics: Life Insurance; Life Insurance>Reserves - Life Insurance
-
T3: TAXING TIMES Tidbits
Contract In Rev. Rul. 2009-13, Situation 2, an individual entered into a life insurance contract with cash ... sold the contract to an unrelated party. The individual had paid $64,000 in premiums, and sold the contract ...
- Authors: Mayowa Dauda, Mark Smith
- Date: Nov 2021
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Small Talk
- Topics: Life Insurance
-
Overview of the Tax Cuts and Jobs Act: Major Changes
according to whether the contracts were group or individual contracts.19 This would have represented a 528 ... 528 percent increase in the rate applied to individual annuity contracts and appeared unrelated to ...- Authors: Surjya Mitra, Mark Smith, James Kress
- Date: Jun 2018
- Competency: Professional Values>Practice expertise
- Publication Name: Taxing Times
- Topics: Financial Reporting & Accounting>Tax accounting
-
Accountant/Tax Attorney Dialogue on the History and Purpose of Internal Revenue Code Section 811(a)
interest rate, the prevailing mortality or morbidity table, as well as the elim- ination of any net deferred ... ruling accepts that changes from one acceptable valuation method (for example, curtate to continuous) to ...- Authors: Richard N Bush, Arthur Schneider, Mark Smith, Peter Winslow
- Date: Oct 2018
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context; External Forces & Industry Knowledge>External forces and business performance; Professional Values>Practice expertise
- Publication Name: Taxing Times
- Topics: Finance & Investments>Capital management - Finance & Investments; Finance & Investments>Risk measurement - Finance & Investments; Financial Reporting & Accounting>Financial Accounting Standards Board [FASB]; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>Statutory accounting; Financial Reporting & Accounting>Tax accounting
-
Actuary/Accountant/Tax Attorney Dialogue on Notice 2013-19 and the Statutory Reserves Cap
of Insurance Commissioners (NAIC) prescribed valuation methods, prevailing mortality tables, and the ... annuities. I would also add the gross premium valuation requirement in the health insurance statutory ...- Authors: Edward Robbins, Mark Smith, Peter Winslow
- Date: Oct 2013
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Taxing Times
- Topics: Life Insurance>Reserves - Life Insurance; Public Policy
-
Taxation Section Webcast: "Federal Income Tax Issues Every Company Must Consider under Life PBR"
explained the relevant requirements in the NAIC’s Valuation Manual, the rules in the Internal Revenue Code ... terms and provisions” threshold in the Standard Valuation Law, leading to an operative date of Jan. 1, ...- Authors: Peter Winslow, Mark Smith, Kristin R Norberg
- Date: Oct 2016
- Competency: External Forces & Industry Knowledge
- Publication Name: Taxing Times
- Topics: Financial Reporting & Accounting>Tax accounting; Life Insurance>Reserves - Life Insurance
-
Session 139: Company Tax Hot Topics
prescribed mortality/morbidity tables • Assumptions at valuation date (date reserve is determined) • Tax reserve ... (Amended return?) • Non-tax • Adoption of new Valuation Manual • Routine updates anticipated by the Manual ...- Authors: Thomas Chamberlain, Jay Riback, Mark Smith
- Date: Feb 2020
- Competency: External Forces & Industry Knowledge
- Topics: Public Policy; Public Policy
-
Why Do Limitations Apply to Owners of Life Insurance Contracts, Particularly COLI?
policy loan interest under a policy covering any individual, whether an employee, officer or financially ... owned by the taxpayer covering the life of any individual. …” The refer- ence to interest “with respect ...- Authors: Bryan W Keene, Mark Smith
- Date: Jun 2019
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
- Publication Name: Taxing Times
- Topics: Life Insurance; Public Policy
-
Welcome, Helen Hubbard
Welcome, Helen Hubbard Mark Smith interviews Helen Hubbard, associate chief counsel (Financial ... experience that the entire division brings to the table. SMITH: Would you say that your private sector ...- Authors: Mark Smith
- Date: May 2014
- Competency: Professional Values>Public interest representation
- Publication Name: Taxing Times
- Topics: Actuarial Profession>Alternative careers