News & Analysis as of September 21, 2024

Foreign Account Tax Compliance Act › Life Insurance

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The Foreign Account Tax Compliance Act is a United States federal statute enacted in 2010 as part of the Hiring Incentives to Restore Employment Act (HIRE Act). FATCA aims to improve compliance of U.S. taxpayers... more +

Papa’s Got a Brand New Bag – Innovative Planning Within Private Placement Life Insurance

Gerald Nowotny - Law Office of Gerald R.... on 5/3/2022

It has been a while since I have written anything. Oh, the indignity of having to make a living! Most of you know by now that I am a quirky guy with quirky interests and quirky points of view. In that realm, I must say that I...more

Did you know that the IRS has 59 Compliance Campaigns? Have your Audit Plan Ready!

Foodman CPAs & Advisors on 10/11/2019

IRS Large Business and International (IRS LBI) currently has 59 Active Compliance Campaigns. The purpose of the IRS compliance campaign strategy is to redefine large business compliance work and build a supportive...more

FY2017 Budget Proposal Sets Its Sights on Insurance Companies

Eversheds Sutherland (US) LLP on 2/12/2016

On February 9, the Obama Administration released its fiscal year 2017 budget proposal (FY2017 Budget). Many of the tax proposals included in the FY2017 Budget closely follow those included in the President’s fiscal year 2016...more

MoFo Tax Talk - Volume 8, Issue 2

Morrison & Foerster LLP on 8/7/2015

IRS Releases Notices Designating Certain “Basket Contracts” As Listed Transactions And Others As Reportable Transactions Of Interest - On Wednesday, July 8, the IRS released two notices addressing “basket contracts,”...more

FY 2016 Budget Tax Proposals Target Insurance Companies

Eversheds Sutherland (US) LLP on 2/4/2015

On February 2, the Obama Administration released its fiscal year 2016 budget (FY 2016 Budget). The hallmarks of the FY 2016 Budget are proposals that would impose (i) a minimum tax on the current foreign earnings of U.S....more

Year in Review: Legislation and Guidance for Financial Institutions in 2014

Blake, Cassels & Graydon LLP on 1/21/2015

2014 was a year replete with new legislative and regulatory initiatives impacting federally regulated financial institutions. The key initiatives introduced or implemented in 2014 are outlined in our annual year in review....more

2013 Year-End Estate Planning Advisory

Katten Muchin Rosenman LLP on 11/29/2013

In this issue - - Federal Estate, GST and Gift Tax Rates - Annual Gift Tax Exclusion - Federal Income Tax Rates - President’s Budget Proposal for Fiscal Year 2014 - Important Planning...more

Legal Alert: New Budget Proposals Once Again Target Insurance Companies

Eversheds Sutherland (US) LLP on 4/16/2013

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

Legal Alert: 2013 Outlook for Insurance Regulation

Eversheds Sutherland (US) LLP on 1/31/2013

We end the first month of the year with a report on major insurance topics that we will be watching in 2013. Many of these developments can be traced to discrete events or market or political forces. This year, those...more

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Foreign Account Tax Compliance Act › Life Insurance

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