• IRS and Treasury Complete Guidance on Valuation of Life Insurance Contracts in Employee Benefit Arrangements
  • September 15, 2005
  • Law Firm: Sutherland Asbill & Brennan LLP - Washington Office
  • On August 29, 2005, the Internal Revenue Service and the Treasury completed a two-year project to provide guidance on the valuation of life insurance contracts in employee benefit arrangements. The final regulations were issued under Internal Revenue Code sections 402, 79 and 83 regarding the amount of taxable income recognized on the distribution or transfer of a life insurance contract.