IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS To Replace GST Allocation Relief Notice
By Staff WriterThe Internal Revenue Service wants to formalize the system it uses to help taxpayers who say they need more time to allocate their generation-skipping transfer ...
April 13, 2008
New Challenge For Small Employers From The IRS: The Impact Of 101(j)Changes that Congress made to the tax law in 2006 are having an impact on small business owners who have employer-owned life insurance on the ...
April 06, 2008
IRS Allows Split-Dollar Modifications But Questions PersistA new IRS ruling, Notice 2008-42, lets businesses modify split-dollar arrangements without causing a loss of grandfathered treatment under Sections 101(j) and 264(f) of the ...
April 02, 2008
IRS Rules On Split Dollar Arrangement ChangesThe Internal Revenue Service says taxpayers can make some changes to split-dollar life insurance arrangements without triggering "material change" rules.If the parties to an arrangement ...
April 01, 2008
Cost Segregation Audit Techniques GuideThe IRS is trained to look at 13 principal elements of a cost segregation study. Space limitations don't allow for a discussion of this but...
March 14, 2008
IRS Rules On Cedings To Non-U.S. CarriersNew guidance on taxation of the insurance premiums that U.S. insurers cede to foreign insurers and reinsurers could have some effect on life insurers.The Internal ...
March 14, 2008
IRS Updates Defined Contribution Plan Determination Letter ProcessThe Internal Revenue Service hopes to issue opinion and advisory letters for pre-approved defined contribution plan documents starting March 31.The letters will cover documents from ...
March 14, 2008
IRS Eases Up On Withdrawals Linked To Annuity ExchangesThe Internal Revenue Service is changing the way it treats annuity withdrawals that follow partial exchanges of assets from one annuity to another.The IRS will ...