American Bankers Association
IRSRulemakingIRS-2023-0023

Information Reporting and Transfer for Valuable Consideration Rules for Section 1035 Exchanges of Life Insurance and Certain Other Life Insurance Contract Transactions (REG-108054-21)

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American Bankers Association filed 1 comment on this docket between Jun 30, 2023 and Jun 30, 2023. 0 other organizations filed here. The comment window closed 1063d ago.

What American Bankers Association filed (1)

Jun 30, 2023· Comment from American Bankers Association· IRS-2023-0023-0002

The American Bankers Association is pleased to comment on the proposed Treasury regulations, REG-108054-21. Our comments are attached. Please do not hesitate to contact Joey Connor at JConnor@aba.com with any questions. Thank you.

Abstract

This document contains proposed regulations providing guidance on the application of the transfer for valuable consideration rules and associated information reporting requirements for reportable policy sales of interests in life insurance contracts to exchanges of life insurance contracts qualifying for nonrecognition of gain or loss, as well as to certain acquisitions of interests in life insurance contracts in transactions that qualify as corporate reorganizations.

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