Description: The article deals with the critique of a technical advice memorandum issued by the IRS. It basically states the author's opinion that, although the conclusion was correct, the reasoning given was inappropriate.

Description: This article details the IRS' Revenue Ruling 2005-6. This ruling provides formal guidance on how to treat family term riders for purposes of the computational limit calculations in Internal Revenue Code IRC sections 7702 and 7702A i.e., calculations of net single premiums, guideline single premiums, guideline level premiums and 7-pay premiums. From Small Talk Newsletter, June 2005, Issue No. 24.

Description: This article reports on the unveiling of a revitalized 'brand' for actuaries revealed at the recent SOA Annual Meeting including the speech by past president Bob Beuerlein and other activities throughout the meeting. The new tagline 'Risk is Opportunity' was introduced and embraced by the members.

Description: Full version of Small Talk Newsletter, June 2005, Issue No. 24.

Description: The article briefly discusses the modeled reserve concept being developed by the Annuity Reserve Working group, and goes on to suggest certain potential refinements to the scenario generation process. The approach may substantially diminish the work involved from a stochastic generation process and provide more appropriate results as well.

Description: This article discusses the importance of refining projected tax cash flows when making actuarial projections. It addresses specifically operating loss deductions, net operating loss carrybacks and carryforwards, capital coss carrybacks and carryforwards, cost basis of invested assets, tax DAC, tax complications caused by reinsurance and deferred taxes.

Description: This article describes the author's impressions from attending a 5-week actuarial educational seminar for the purpose of passing the SOA Part 8 Exam. From The Actuary, December 1971, Vol. 5, No. 10.

Description: Actuary/accountant/tax attorney dialogue on recent guidance issued regarding treatment of deficiency reserves with respect to the “statutory reserves cap” of Internal Revenue Code section 807(d)(1).

Description: For actuarial projections to serve as the management tools that they are intended to be, the persons charged with making those projections need to consider whether the projection is sufficiently sophisticated so that it does not miss major items.It is important to consider the tax effect. This article covers several of the major tax issues that should be considered in any actuarial projection.

Description: A comprehensive look at Actuarial Guideline 43 VA CARVM. This article examines the statutory and tax implications of AG 43 for the determination of reserves for annuity writers.