by admin | May 17, 2022 | resources
The Financial Accounting Standards Board (FASB) Accounting Standards Codification™ is now the single source of authoritative nongovernmental U.S. Generally Accepted Accounting Principles (GAAP). All existing accounting standard documents are superseded. All other...
by admin | May 17, 2022 | resources
FDIC:FIL-127-2004OCC:OCC 2004-56Federal Reserve:SR 04-19
by admin | May 17, 2022 | resources
(included in American Jobs Creation Act) Overview AALU Washington Reports “AALU Washington Reports are the property of the Association for Advanced Life Underwriting and are included for informational purposes only. Applicable copyright laws apply.” Bulletin...
by admin | May 17, 2022 | resources
(included as§101(j) of the Pension Protection Act of 2006) Overview AALU Washington Reports“AALU Washington Reports are the property of the Association for Advanced Life Underwriting and are included for informational purposes only. Applicable copyright laws apply.”...
by admin | May 17, 2022 | news
The WRMarketplace is created exclusively for AALU Members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance...
by admin | May 17, 2022 | news
View the full text of the final regulations here.
by admin | May 17, 2022 | news
On October 31, the Treasury Department released its final regulations on Reportable Policy Sales (RPS) final rule. In addition to clarifying the tax implications for company-owned life insurance (“COLI”) and bank-owned life insurance (“BOLI”) transferred in...
by admin | May 9, 2022 | news
The Tax Cuts and Jobs Act (TCJA) amended the deduction limitations under Internal Revenue Code 162(m) by (1) eliminating the “qualified performance-based” pay exception to the $1 million deduction limitation for compensation for “covered employees” and (2) expanding...
