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  • IRS Rules That Insurance Against Decline in Asset's Market Value is Not Insurance for Tax Purposes
    for Tax Purposes In TAM 201149021, the Internal Revenue Service (the “Service”) National Office has ruled ... contract that insures against a decline in market value of assets leased to third parties is not an insurance ...

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    • Authors: Kevin Owens, Gregory Stephenson
    • Date: May 2012
    • Competency: Strategic Insight and Integration>Big picture view
    • Publication Name: Taxing Times
    • Topics: Financial Reporting & Accounting>Tax accounting
  • Foreign Insurance Subsidiaries' Reserve Amounts May Be Used to Determine Foreign Personal Holding Company Income
    Foreign Insurance Subsidiaries' Reserve Amounts May Be Used to Determine Foreign Personal ... Foreign Personal Holding Company Income A discussion of the ramifications, facts and rules associated with ...

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    • Authors: Kevin Owens
    • Date: May 2012
    • Competency: External Forces & Industry Knowledge>External forces and business performance
    • Publication Name: Taxing Times
    • Topics: Financial Reporting & Accounting>Tax accounting