The good news is that, under the recently released Foreign Account Tax Compliance Act (FATCA) regulations, most non-U.S. property and casualty (P&C) insurance and reinsurance companies will not be considered foreign financial...more
5/6/2013 - FATCA Foreign Financial Institutions Non-Financial Firms Reinsurance Reporting Requirements
On April 10, the Obama Administration released its fiscal year 2014 budget (FY 2014 Budget). Of note, the FY 2014 Budget includes a number of tax proposals that target insurance companies or that otherwise would have a direct...more
4/16/2013 - Barack Obama Dividends FATCA Federal Budget Financial Crisis Responsibility Fee Life Insurance Private Separate Accounts Reinsurance Reporting Requirements Tax Deductions
The Internal Revenue Service (IRS) has released proposed regulations on the health insurer fee under section 9010 of the Patient Protection and Affordable Care Act (PPACA). The regulations, which were published in the Federal...more
3/14/2013 - Affordable Care Act Fees Healthcare HI Tax Insurers IRS Reporting Requirements Tax Assessment
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