New TCJA Reporting Rules For Life Settlement Transactions

By Brian Casey, Jaremi Chilton and Thomas Sherman (April 24, 2018, 2:28 PM EDT) -- This is the first article in our series of three articles addressing the material impacts of the Tax Cuts and Jobs Act to the U.S. life settlements industry. In this article we examine the TCJA's new Internal Revenue Service informational reporting requirements for investors' acquisition of in-force life insurance policies in the secondary trading market and for life insurers' payments of death benefits for secondary life insurance market policies.

Federal Income Tax Basis for Life Insurance Policy Seller

One major TCJA change is the legislative repeal of certain instructions relating to Situation #2 of Internal Revenue Service Revenue Ruling 2009-13, which...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!