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Taxation of the Secondary Market for Life Insurance: Recent Guidance Provides Some Answers  


Author:  Joseph Septimus.; Andrew D. Moin.


Source: Volume 23, Number 03, January/February 2010 , pp.5-12(8)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

On May 1, 2009, the IRS issued two Revenue Rulings providing long-awaited guidance with respect to certain U.S. federal income tax consequences of purchases, sales, and surrenders of life insurance policies. Several tax issues, many of which the Rulings address, have gained particular relevance in recent years with the advent of the

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Affiliations:  1: Sullivan & Cromwell LLP; 2: Sullivan & Cromwell LLP.

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