Description: Updates on partial annuitization and exhanges, prevailing CSO valuation mortality tables, disclosure of offshore accounts through FATCA.

Description: A discussion of the bill that will require tax reporting of sales of interests in life insurance policies. This bill will require the buyer of an interest in a life insurance policy to report the sale to the Internal Revenue Service and notify the life insurer that issued the policy.

Description: A discussion of the Obama Administration’s fiscal year 2011 revenue proposals affecting life insurance companies and products.

Description: This article provides a short history of the correction procedures previously developed to address compliance failures and the shortcomings of those procedures under sections 101f and 7702, laying the foundation for a sea change in the correction process.

Description: A discussion of the many developments affecting taxation of life insurance companies and products.

Description: This article discusses several issues related to the IRS and taxation. These include partial exchanges of non-qualified annuity contracts, Long Term Care features on Annuity or Life contracts, and the applicability of the Foreign Account Tax Compliance Act [FATCA] to Life Insurance Campanies and products.

Description: A discussion about the request filed by the American Council of Life Insurers ACLI with the Treasury. The ACLI asked the Treasury to review and update several regulations impacting the tax treatment of life insurance companies or their products.

Description: A discussion of Section 7702 and age 100 insured and the need for guidance on combined annuity and long-term care contracts

Description: A discussion around the comment letter that the ACLI submitted on the proposed regulations to implement the Foreign Account Tax Compliance Act (FATCA).

Description: An update from the ACLI staff to keep readers informed about the organization's work on tax issues affecting the life insurance industry.