IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Weighs In On Death Benefit Guarantee Reserves
By Staff WriterWhen variable annuity contract tax reserves are greater than the net surrender value and less than the statutory reserves, life insurers should use the tax ...
August 02, 2007
IRS Completes One Trust Rule, Proposes AnotherThe Internal Revenue Service has published a final rule and a proposed rule of interest to estate planners and other advisors who deal with generation-skipping ...
August 01, 2007
IRS May Ease Asset Diversification RulesThe Internal Revenue Service wants to permit Section 529 college savings programs to invest in the same funds that variable life and annuity contracts use.The ...
August 01, 2007
The IRS Is Getting TougherActing IRS Commissioner Kevin Brown told Tax Talk Today viewers that the IRS has made significant progress in recent years in terms of enforcement: Overall revenues...
August 01, 2007
Closing the GapThe primary goal of the Internal Revenue Service is to collect the taxes that are owed to the federal government under current tax law. Reducing...
July 27, 2007
IRS Revises Nonprofit Plan RulesThe Internal Revenue Service has published an extensive update of the regulations governing 403(b) retirement plans.The update, Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts, ...
July 27, 2007
IRS To Explore Deductibility Of Estate Administration CostsThe Internal Revenue Service is preparing to come up with rules for itemizing expenditures on management of estate and non-grantor trusts.IRS officials have described the ...
July 26, 2007
IRS Revises Nonprofit Plan RulesThe Internal Revenue Service has published an extensive update of the regulations governing 403(b) retirement plans.The update, Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts, ...