A great time for the LISA Conference to begin right after the IRS has released additional taxation codes for life settlement transactions…
IRS Issues Two Groundbreaking Rules on Life Settlements
The good news is that we should have more clarification today due to discussion at the conference.
LISA will convene its 15th Annual Spring Conference and open this subject for discussion and clarification.
“For many years, this industry has needed and called for a more substantial federal framework for understanding the tax implications of life settlement transactions,” commented Doug Head, LISA executive director. “Well, now we have it. It is now incumbent upon us all to seriously consider these rulings and act in accordance with our understanding of them.” The life settlement industry has evolved in complex and varied ways since its inception in the late 1980s and the need for greater guidance on the tax treatment of life settlements is a commonly held aspiration.
More details will be posted here at Life Settlement News!
