IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
Putting Required Minimum Distributions On The Advisor's Checklist
By Jim ConnollyFinancial advisors say is extremely important to add the following item to their client checklists for the Fall season: "make sure that clients take their required minimum distributions from qualified retirement accounts and IRAs."
August 18, 2008
Court Rules Against IRS's Tax Position on Insurance Company DemutualizationA recent federal court decision ruled against the IRS's stance that policyholders who receive stock in a mutual-to-stock conversion of an insurance company--known as a demutualization--must pay taxes on the proceeds when the stock is sold.
August 17, 2008
Court Backs Mutual Policyholders Who Get Stock In ConversionsThe Internal Revenue Service inappropriately requires policyholders who receive stock in a mutual-to-stock conversion to pay taxes on the proceeds when the stock is sold, ...
August 17, 2008
Discount Split-Dollar's Ability To Withstand IRS Scrutiny DebatedIf you're looking for a hot new technique to pitch to your affluent clientele, here's one to consider: the intergenerational private split-dollar arrangement. If it ...
August 17, 2008
Court Backs Mutual Policyholders Who Get Stock In ConversionsThe Internal Revenue Service inappropriately requires policyholders who receive stock in a mutual-to-stock conversion to pay taxes on the proceeds when the stock is sold, ...
August 17, 2008
Discount Split-Dollar's Ability To Withstand IRS Scrutiny DebatedIf you're looking for a hot new technique to pitch to your affluent clientele, here's one to consider: the intergenerational private split-dollar arrangement. If it ...
August 15, 2008
IRS Updates Plan Correction Program AdviceThe Internal Revenue Service has released new guidelines for fixing employee benefit plan problems.The new guidance, which appears in IRS Revenue Procedure 2008-50, affects plan ...
August 15, 2008
IRS Updates Plan Correction Program AdviceThe Internal Revenue Service has released new guidelines for fixing employee benefit plan problems.The new guidance, which appears in IRS Revenue Procedure 2008-50, affects plan ...