IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Unfreezing Procedures Added
By Allison BellThe Internal Revenue Service has created procedures for multiemployer defined benefit pension plans that have decided to revoke efforts to freeze their funded status.
September 08, 2009
IRS Posts Settlement RulingThe Internal Revenue Service has issued advice on how a life settlement investor should handle interest costs when computing earnings and profits.
September 08, 2009
IRS Posts Settlement RulingThe Internal Revenue Service has issued advice on how a life settlement investor should handle interest costs when computing earnings and profits.
September 02, 2009
New universal life plan from Mutual of Omaha ensures estates go to heirs instead of IRSMutual of Omaha, Omaha, Neb., has introduced their new Guaranteed Universal Life Survivor (GULS) plan, allowing clients to ensure that their estate will go to their heirs instead of the IRS.
September 01, 2009
New universal life plan from Mutual of Omaha ensures estates go to heirs instead of IRSMutual of Omaha, Omaha, Neb., has introduced their new Guaranteed Universal Life Survivor (GULS) plan, allowing clients to ensure that their estate will go to their heirs instead of the IRS.
August 26, 2009
Insurer To Add 403(b) DocsAXA Equitable Life Insurance Company has announced plans to join the new Internal Revenue Service 403(b) prototype plan program.
August 20, 2009
Life Settlement Tax Issues After IRS Ruling 2009-13Assume Ellen owns a cash value life policy on which she has paid $64,000 in premiums over 10 years. She has never taken out withdrawals or loans, and the cash value is now $78,000. She decides to
August 19, 2009
Life Settlement Tax Issues After IRS Ruling 2009-13Assume Ellen owns a cash value life policy on which she has paid $64,000 in premiums over 10 years. She has never taken out withdrawals or loans, and the cash value is now $78,000. She decides to