1545-BQ07 202504 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Additional Guidance for Reporting and Transfer for Value Rules Relating to Life Insurance Transactions

The final regulations will amend regulations under sections 101 and 6050Y (T.D. 9879) published in the Federal Register (84 FR 58460) on October 31, 2019 (2019 final regulations).  The 2019 final regulations provide guidance on transfers for value and reportable policy sales of interests in life insurance contracts and payments of reportable death benefits and associated information reporting requirements.  In response to public inquiries on certain aspects of the 2019 final regulations, the final regulations will provide relief for (1) certain exchanges of life insurance contracts qualifying for nonrecognition of gain or loss under section 1035 and (2) certain acquisitions of interests in life insurance contracts in transactions qualifying as corporate reorganizations.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No Not subject to, not significant 26 CFR 1.101-1 26 CFR 1.101-6 26 CFR 1.6050Y-1 26 CFR 1.6050Y-2 26 CFR 1.6050Y-3 26 CFR 1.6050Y-4 26 U.S.C. 7805 26 U.S.C. 6050Y No NPRM 05/10/2023 88 FR 30058 NPRM Comment Period End 07/10/2023 Public Hearing 09/28/2023 88 FR 57916 Final Action 12/00/2025 REG-108054-21 (Final) Drafter attorney: Allan Sakaue, (202) 317-6995 Reviewer attorney: Kathryn Sneade, (202) 317-6995 Treasury attorney: Angela Walitt, (202) 622-1787 CC:FIP No None No No No Allan Sakaue H. Attorney 1545 Internal Revenue Service IRS 202 317-6995 855 547-9026 allan.h.sakaue@irscounsel.treas.gov 1111 Constitution Avenue NW, Room 3547, Washington DC 20224