Treasury Department Releases Final Transfer for Value Regulations
Late Friday, the Treasury Department issued final regulations regarding reportable policy sales stemming from changes in the Tax Cuts and Jobs Act (TCJA).
We are still reviewing the final regulations, however, it is clear that Treasury was responsive to AALU feedback about the effective date of the regulations. These regulations may be applied to transactions that occurred after December 31, 2017.
For any questions, contact Armstrong Robinson, 202-772-2493.
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