Description: The article discusses court decisions on the tax basis and taxable gain in life insurance contracts.

Description: An interview with Sheryl Flum, chief, Branch 4, IRS Office of Associate Chief Counsel (Financial Institutions and Products) at the Internal Revenue Service, regarding her role at the IRS and current tax issues facing the life insurance industry.

Description: Description of general tax consequences of purchasing an insurance company, either through buying the assets or buying the stock.

Description: The article provides a summary of the Taxation Session sponsored sessions at the Life and Annuity Symposium.

Description: Provides a few highlights of the rules set forth in the Proposed 965 Regulations and the impact such rules have on the determination of various aspects of the toll tax calculation.

Description: This article discusses XXX reserve financing, one of the most common life insurance industry capital markets funding transactions.

Description: This article discusses new tax reporting requirements for transfers for value under section 6050Y. It also discusses changes to the transfer for value rule of section 101(a)(2) and (3), including the definition of a reportable policy sale.

Description: Discusses the Age 100 safe harbor methodologies in the 2010 IRS revenue procedure, and then provided some considerations that insurers should keep in mind in applying these methodologies.

Description: A discussion of, first, the three-year transition period for adopting principle-based reserves and how it might not apply to tax reserves, and second, the tax impact of adding investment options to in-force contracts.

Description: This article describes the potential effects of a Guideline Premium Forceout on the policy values and administration of Universal Life policies.