Micro-Captive ‘Transactions of Interest’ Prop Regs Released
The IRS has issued proposed regs that identify transactions that are the same as, or substantially similar to, certain micro-captive …
Top 5 Accounting Rules to Hit Companies’ Books This Year, Including Issues to Watch For
Several of the FASB’s significant accounting standards take effect for the first time this year for businesses, including new rules …
PBGC Releases FY 2022 Annual Report, Biden Names Advisory Committee Members
The Pension Benefit Guaranty Corporation (PBGC) on November 15 released its Fiscal Year 2022 Annual Report. (PBGC Press Release No. …
PBGC Sets 2021 Premium Rates
The Pension Benefit Guaranty Corporation (PBGC, a government agency that collects insurance premiums from employers that sponsor insured defined benefit …
IRS Offers Limited Micro-Captive Insurance Transaction Settlement
The IRS has announced in IR 2019-157 (9/16/2019) that it is mailing a time-limited settlement offer to certain taxpayers under …
Proposed regs would reflect TCJA changes to insurance company discounting rules
Preamble to Prop Reg REG-103163-18; Prop Reg §1.846-1 Proposed regs—Modification of Discounting Rules for Insurance Companies IRS has issued proposed regs …
Insurers Want More Time to Comply With Planned Insurance Standard
The FASB plans to publish in August 2018 an update to U.S. GAAP to make accounting for life insurers and …
Insurance Amendments Positioned for Third Quarter Release Despite Industry Complaints
The FASB plans to hold what Chairman Russell Golden believes will be the last public debate on its much-watched insurance …
Banks, Insurers to Get Relief From Accounting Effects of New Tax Law
The FASB agreed to finalize a proposal it released in January that aims to alleviate concerns from banks and insurance …