July 2021

TAX DEVELOPMENTS

IRS Issues Private Letter Ruling Affirming that a Transfer of Insurance Policies from a Parent to a Subsidiary Retains Tax Exempt Status

On July 2, the IRS publicly released PLR-118450-18 (PLR 202126003) regarding a contemplated transfer of life insurance contracts within a consolidated group of corporations. The PLR involved the Parent and three subsidiaries:


To learn more about our LRA Subscription options and to browse a Sample LRA, click here. If you are already registered, please login.