Friday, 22 March 2019

Preparing For New Life Settlement Transactions Reporting

Law360 (September 18, 2018, 6:07 PM EDT) — Those involved in life settlement transactions will have to pay close attention to new information reporting requirements included in the Tax Cuts and Jobs Act President Donald Trump signed into law in December 2017.[1] The new information reporting requirements apply to buyers and issuers of life insurance policies sold in certain life settlement transactions. The requirements also apply to payors of death benefits under these policies, which typically will impose another layer of reporting obligations on the issuer. The information reporting requirements are found in new… Source:

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