Tax – [BonkNote]

Tax Evasion 2019 0425 – DOJ – Zurich Life Insurance Company Ltd. and Zurich International Life Limited Enter Agreement With U.S. Regarding Insurance Products, Department of Justice – justice.gov/opa/pr/zurich-life-insurance-company-ltd-and-zurich-international-life-limited-enter-agreement-us From Jan. 1, 2008, through June 30, 2014, Zurich issued or had certain insurance policies and accounts of U.S. taxpayer customers, who used their policies to evade…

2009 0615 – CNN – Commentary: “Why Your Taxes Could Double,” by David M. Walker 2009 0615 – CNN – Commentary: “Why Your Taxes Could Double,” by David M. Walker — [BonkNote] — [link] edition.cnn.com/2009/POLITICS/04/15/walker.tax.debt/ Editor’s Note: David M. Walker served as comptroller general of the United States and head of the Government Accountability Office…

Stopgap 1982 – GOV (Senate) – Administration’s Fiscal Year 1983 Budget Proposal, Part 3 of 5 Parts – FEBRUARY 23, 24 ; MARCH 9, 10, 11, 12, 16, 17, 18, 19, 1982 ACLI – Statement of Robert F. Froehlke, President, American Council of Life Insurance p29- Senate – Committee on Finance

Tax Shelters 2003 0719 – NYT – Wealthy Family Is Suing Lawyer Over Tax Plan, By David Cay Johnston – [link-Paywall Free] Since the government began attacking tax shelters in earnest two years ago, a growing number of individuals and corporations who bought shelters that the I.R.S. has either demolished, or may demolish, have filed lawsuits against…

Books – Taxes Series – Tax Facts on Life Insurance, by National Underwriter Company, 1957 – Book – Taxation of Life Insurance, by Bertram Harnett 2006 – Book – U.S. Tax Reserves for Life Insurers, by Edward L. Robbins 2014 – Book – Basis Assets and Liabilities of U.S. Life Insurers, by Edward L. Robbins…

101 – IRC – Internal Revenue Code (p65) – TEFRA Definition Prior to the enactment of the Tax Equity and Fiscal Responsibility Act (“TEFRA”) , there was substantial doubt whether universal life insurance should be treated as life insurance for tax purposes. In addition, there was concern that universal life insurance could be used to…

1983 0311 – GOV (Senate) – Taxation of Financial Services Industry 1983 0311 – GOV (Senate) – Taxation of Financial Services Industry – Bob Dole (R-KS) — [BonkNote] [PDF-356p-Senate-Link, VIDEO-?] Senate – Committee on Finance (p93) – … the life insurance industry has developed new products that contain predominantly investment features similar to those offered…

72t – Substantially Equal Periodic Payments – IRC – Internal Revenue Code 2007 0910 – FINRA – Remarks at the SEC Seniors Summit, Mary L. Schapiro, Chief Executive Officer – [link] The second new sweep targets deceptive early retirement seminars, often relying on IRS Regulation 72t, which permits early withdrawal from a retirement account without the…

1983 0510, 0511 and 0728 – GOV (House) – Tax Treatment of Life Insurance 1983 0510, 0511 and 0728 – GOV (House) – Tax Treatment of Life Insurance, Pete Stark (D-CA) — [BonkNote] Alan Richards, president and chief executive officer of E. F. Hutton Life Insurance Co. John E. Chapoton, Assistant Secretary (Tax Policy), Department…

Tax – Index ABCDEFGHIJKLMNOPQRSTUVWXYZ# B Books – Taxes Back to top C Corridor Back to top I Inside Buildup IRS – Internal Revenue Service Back to top J JCT – The Joint Committee on Taxation Back to top L Life Insurance Company Taxation Back to top M Modco – Modified Coinsurance Back to top P…