(included as§101(j) of the Pension Protection Act of 2006)
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.”
IRS Issues Regulations on COLI Reporting
The Internal Revenue Service has issued proposed and temporary regulations under Revenue Code section 6039I, which requires employers who maintain COLI contracts subject to section 101(j) to file annually a report with the Service. The regulations are non-substantive and essentially provide the authority for the IRS to issue new Form 8925 – Report of Employer-Owned Life Insurance Contracts, which employers with COLI contracts will most likely have to file beginning with the 2007 tax year.