Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Life Settlement Solutions, Inc.
New Life Settlement IRS Tax Rulings to Be Discussed in Webcast
May 31st, 2009
Since the industry’s inception, questions on taxation of life settlement transactions for both purchasers and sellers of life insurance policies in the secondary market have been raised, with little guidance from the Internal Revenue Service (IRS). Last month, Senator Herb Kohl, chair of the United States Senate Special Committee on Aging, requested guidance on the tax treatment of life settlement transactions as part of his committee’s efforts. In a letter to Treasury Secretary Timothy Geithner, Sen. Kohl requested clarification from the IRS on the tax treatment of life settlements. In response on May 1, the IRS issued two rulings – Revenue Rulings...
Source: Pharma Investments, Ventures & Law Weekly (2009-05-31)
|
